Parsons Capital Management Inc. RI Purchases 9,651 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Parsons Capital Management Inc. RI lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 64.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,518 shares of the exchange traded fund’s stock after purchasing an additional 9,651 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares MSCI Emerging Markets ETF were worth $1,025,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EEM. DRW Securities LLC increased its stake in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $29,856,000. Flagship Harbor Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth $19,822,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth $17,112,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $42.17 on Tuesday. iShares MSCI Emerging Markets ETF has a 1 year low of $38.26 and a 1 year high of $47.44. The business has a fifty day moving average price of $42.74 and a two-hundred day moving average price of $43.49.

iShares MSCI Emerging Markets ETF Company Profile

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).