Brookstone Capital Management Increases Stake in iShares MSCI Emerging Markets ETF

Brookstone Capital Management has significantly increased its investment in the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by an impressive 404.9% during the third quarter of the year, as reported in its latest 13F filing with the SEC. Following this acquisition, the firm now holds a total of 24,322 shares of the ETF, after adding 19,505 shares over the course of the quarter. The market value of Brookstone Capital Management's holdings in the iShares MSCI Emerging Markets ETF has reached approximately $1,115,000, according to the most current filing.

In addition to Brookstone, a number of other institutional investors and hedge funds have been actively managing their positions in the iShares MSCI Emerging Markets ETF. For instance, Fairscale Capital LLC made a new investment in the ETF during the second quarter, valued at around $26,000. Likewise, Woodmont Investment Counsel LLC also initiated a position in the ETF in the first quarter with an investment close to $27,000. Innealta Capital LLC entered the scene with a new stake in the second quarter, worth about $32,000.

Another notable move was made by Jamison Private Wealth Management Inc., which increased its stake in the ETF by an astounding 836.5% during the second quarter. This firm now possesses 974 shares valued at about $42,000 after acquiring an additional 870 shares during this time. Finally, Clean Yield Group also added a new position in the iShares MSCI Emerging Markets ETF during the second quarter, valued at approximately $43,000. Overall, institutional investors and hedge funds now hold approximately 81.39% of the ETF’s total stock.

Performance of iShares MSCI Emerging Markets ETF

As of the latest market opening, shares of NYSEARCA:EEM were priced at $46.36. The iShares MSCI Emerging Markets ETF has experienced fluctuations over the past year, with a low of $36.38 and a high of $47.44. The ETF’s 50-day moving average stands at $43.76, while its 200-day moving average is approximately $42.78.

Understanding iShares MSCI Emerging Markets ETF

The iShares MSCI Emerging Markets ETF, formerly known as the iShares MSCI Emerging Markets Index Fund, aims to reflect the performance of publicly traded equity securities in global emerging markets. It tracks the MSCI Emerging Markets Index, allowing investors to gain exposure to companies located in diverse developing economies.

investment, ETF, finance