Granite Bay Wealth Management LLC Invests $13.84 Million in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Granite Bay Wealth Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 330,921 shares of the exchange traded fund’s stock, valued at approximately $13,839,000. iShares MSCI Emerging Markets ETF accounts for about 5.1% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 5th largest position. Granite Bay Wealth Management LLC owned 0.08% of iShares MSCI Emerging Markets ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 5.8% in the third quarter. Harbour Investments Inc. now owns 48,732 shares of the exchange traded fund’s stock valued at $2,235,000 after purchasing an additional 2,653 shares during the period. AQR Capital Management LLC grew its position in iShares MSCI Emerging Markets ETF by 75.4% in the 2nd quarter. AQR Capital Management LLC now owns 32,001 shares of the exchange traded fund’s stock valued at $1,363,000 after buying an additional 13,761 shares during the last quarter. Endowment Wealth Management Inc. grew its position in iShares MSCI Emerging Markets ETF by 19.0% in the 3rd quarter. Endowment Wealth Management Inc. now owns 19,976 shares of the exchange traded fund’s stock valued at $916,000 after buying an additional 3,193 shares during the last quarter. Stevens Capital Management LP increased its stake in iShares MSCI Emerging Markets ETF by 10.0% in the 3rd quarter. Stevens Capital Management LP now owns 200,753 shares of the exchange traded fund’s stock valued at $9,207,000 after buying an additional 18,192 shares during the period. Finally, Harvest Investment Advisors LLC raised its position in iShares MSCI Emerging Markets ETF by 1.2% during the 3rd quarter. Harvest Investment Advisors LLC now owns 114,108 shares of the exchange traded fund’s stock worth $5,233,000 after buying an additional 1,300 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $40.81 on Tuesday. The company has a fifty day moving average of $43.09 and a 200-day moving average of $43.57. iShares MSCI Emerging Markets ETF has a one year low of $37.48 and a one year high of $47.44.

About iShares MSCI Emerging Markets ETF

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).