David R. Rahn & Associates Inc. acquired a new position in shares of iShares MSCI Emerging Markets Indx (NYSE:EEM) during the second quarter, Holdings Channel reports. The firm acquired 5,275 shares of the exchange traded fund’s stock, valued at approximately $218,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Terril Brothers Inc. purchased a new stake in iShares MSCI Emerging Markets Indx during the second quarter worth $261,000. Capital Advisors Ltd. LLC raised its stake in iShares MSCI Emerging Markets Indx by 1.4% in the second quarter. Capital Advisors Ltd. LLC now owns 20,926 shares of the exchange traded fund’s stock worth $866,000 after buying an additional 284 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in iShares MSCI Emerging Markets Indx during the second quarter worth $15,174,000. Twele Capital Management Inc. raised its stake in iShares MSCI Emerging Markets Indx by 66.5% in the second quarter. Twele Capital Management Inc. now owns 106,742 shares of the exchange traded fund’s stock worth $4,418,000 after buying an additional 42,640 shares in the last quarter. Finally, Mutual of Omaha Bank Wealth Management raised its stake in iShares MSCI Emerging Markets Indx by 3.5% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 66,370 shares of the exchange traded fund’s stock worth $2,746,000 after buying an additional 2,240 shares in the last quarter.
Shares of iShares MSCI Emerging Markets Indx (EEM) opened at 43.97 on Thursday. iShares MSCI Emerging Markets Indx has a 1-year low of $33.94 and a 1-year high of $44.16. The firm’s 50-day moving average is $42.33 and its 200-day moving average is $40.12.
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About iShares MSCI Emerging Markets Indx
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).
Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets Indx (NYSE:EEM).
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