Innova Wealth Partners Buys New Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Innova Wealth Partners purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,915 shares of the exchange traded fund’s stock, valued at approximately $1,962,000. iShares MSCI Emerging Markets ETF comprises 1.2% of Innova Wealth Partners’ investment portfolio, making the stock its 28th largest position.

A number of other hedge funds also recently bought and sold shares of EEM. Canandaigua National Trust Co of Florida raised its position in shares of iShares MSCI Emerging Markets ETF by 17.6% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 12,644 shares of the exchange traded fund’s stock valued at $529,000 after buying an additional 1,894 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth approximately $105,980,000. Capasso Planning Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $235,000. Inspire Trust Co. N.A. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 12.1% in the 3rd quarter. Inspire Trust Co. N.A. now owns 250,334 shares of the exchange traded fund’s stock valued at $11,480,000 after purchasing an additional 27,000 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 505,900 shares of the exchange traded fund’s stock worth $23,357,000 after purchasing an additional 33,792 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $42.00 on Wednesday. The stock’s fifty day moving average is $43.35 and its 200 day moving average is $43.60. iShares MSCI Emerging Markets ETF has a fifty-two week low of $37.48 and a fifty-two week high of $47.44.

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).