Avondale Wealth Management Acquires 350 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

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Avondale Wealth Management grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEMGet Rating) by 35.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the exchange traded fund’s stock after purchasing an additional 350 shares during the quarter. Avondale Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 120.2% during the 4th quarter. JPMorgan Chase & Co. now owns 11,592,827 shares of the exchange traded fund’s stock worth $566,310,000 after acquiring an additional 6,327,100 shares during the period. OLD Mission Capital LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $141,569,000. Allstate Corp purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth $124,184,000. National Bank of Canada FI bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $89,626,000. Finally, Lazard Asset Management LLC lifted its position in iShares MSCI Emerging Markets ETF by 111.9% during the fourth quarter. Lazard Asset Management LLC now owns 3,412,783 shares of the exchange traded fund’s stock valued at $166,713,000 after buying an additional 1,801,870 shares during the period. Institutional investors and hedge funds own 69.37% of the company’s stock.

NYSEARCA:EEM traded down $0.47 on Wednesday, reaching $39.84. 1,048,946 shares of the stock traded hands, compared to its average volume of 46,517,396. iShares MSCI Emerging Markets ETF has a 12 month low of $38.94 and a 12 month high of $55.62. The company’s fifty day simple moving average is $41.67 and its 200 day simple moving average is $45.41.

iShares MSCI Emerging Markets ETF Company Profile (Get Rating)

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).

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