Traders Buy Shares of iShares MSCI Emerging Markets ETF (EEM) on Weakness

Traders bought shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) on weakness during trading on Friday. $267.80 million flowed into the stock on the tick-up and $225.86 million flowed out of the stock on the tick-down, for a money net flow of $41.94 million into the stock. Of all companies tracked, iShares MSCI Emerging Markets ETF had the 29th highest net in-flow for the day. iShares MSCI Emerging Markets ETF traded down ($0.20) for the day and closed at $40.73

The firm also recently declared a semiannual dividend, which was paid on Monday, December 24th. Shareholders of record on Wednesday, December 19th were paid a $0.5838 dividend. This represents a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, December 18th. This is a positive change from iShares MSCI Emerging Markets ETF’s previous semiannual dividend of $0.29.

A number of hedge funds have recently modified their holdings of EEM. Ballew Advisors Inc boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 141.6% during the 3rd quarter. Ballew Advisors Inc now owns 47,583 shares of the exchange traded fund’s stock valued at $1,840,000 after purchasing an additional 27,890 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 930.5% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 13,747 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 12,413 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 11.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,405 shares of the exchange traded fund’s stock valued at $538,000 after purchasing an additional 1,300 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 104.2% during the 3rd quarter. First Foundation Advisors now owns 19,312 shares of the exchange traded fund’s stock valued at $829,000 after purchasing an additional 9,853 shares during the last quarter. Finally, Paracle Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 13.8% during the 3rd quarter. Paracle Advisors LLC now owns 43,215 shares of the exchange traded fund’s stock valued at $1,854,000 after purchasing an additional 5,237 shares during the last quarter.

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About iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

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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