Kovitz Investment Group Partners LLC Sells 449 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Kovitz Investment Group Partners LLC cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 55,584 shares of the exchange traded fund’s stock after selling 449 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in iShares MSCI Emerging Markets ETF by 1,724.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock valued at $310,586,000 after purchasing an additional 7,883,989 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in iShares MSCI Emerging Markets ETF by 4,632.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after purchasing an additional 3,203,501 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $67,244,000. Finally, Allstate Corp bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $58,336,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $43.53 on Tuesday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $47.44. The business’s fifty day moving average is $43.18 and its 200 day moving average is $43.35. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 13.13 and a beta of 0.63.

iShares MSCI Emerging Markets ETF Company Profile

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).