Salem Investment Counselors Inc. Expands Holdings in iShares MSCI Emerging Markets ETF

Salem Investment Counselors Inc. has bolstered its ownership of the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), expanding its investments by 824 shares or 5.4% during the fourth quarter. With the addition of these shares, Salem's total holdings in the ETF reached 16,180 shares. This portfolio adjustment was detailed in the company's recent 13F filing with the Securities & Exchange Commission, showcasing their increased focus on the emerging markets sector. As of the latest reporting period's conclusion, the value of Salem's investment in the ETF stood at approximately $651,000.

Institutional Investors Show Interest in EEM

The tendency to invest in the iShares MSCI Emerging Markets ETF hasn't been exclusive to Salem Investment Counselors Inc. A number of other significant investors have been actively adjusting their stakes in the fund. For instance, during the second and third quarters, various investment entities such as ST Germain D J Co. Inc., Householder Group Estate & Retirement Specialist LLC, Balentine LLC, Anchor Investment Management LLC, and Pacific Center for Financial Services have all initiated new positions in EEM, with investments ranging from $25,000 to $31,000. It's notable that institutional investors hold a significant majority of the ETF's shares, accounting for 81.39% of its stock.

Performance Overview of iShares MSCI Emerging Markets ETF

The iShares MSCI Emerging Markets ETF has experienced varied performance, with the stock opening at $40.86 on a recent Monday. The fund has observed a fifty-two week low of $36.38, along with a peak value of $42.00. Monitoring its performance over time, the EEM's 50-day moving average stands at $39.78, whereas its 200-day moving average lingers at $39.09.

About iShares MSCI Emerging Markets ETF

The iShares MSCI Emerging Markets ETF is designed to provide investment results that closely correspond with the price and yield performance of equity securities in global emerging markets. This aim is achieved through the fund's benchmarking against the MSCI Emerging Markets Index. The ETF's focus is to mirror the index's performance, providing investors with a strategic pathway to partake in the emerging market equities. The fund, previously known as iShares MSCI Emerging Markets Index Fund, has transitioned over time and continues to represent a collective of securities from diverse emerging markets.

Investment, Expansion, EmergingMarkets