Proffitt & Goodson Inc. Decreases Holdings in iShares MSCI Emerging Markets ETF $EEM

Proffitt & Goodson Inc. trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,237 shares of the exchange traded fund’s stock after selling 1,960 shares during the period. Proffitt & Goodson Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EEM. Brighton Jones LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after purchasing an additional 1,940 shares in the last quarter. GAMMA Investing LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 4,270.0% during the first quarter. GAMMA Investing LLC now owns 66,948 shares of the exchange traded fund’s stock valued at $2,926,000 after purchasing an additional 65,416 shares in the last quarter. OLD National Bancorp IN lifted its holdings in iShares MSCI Emerging Markets ETF by 10.0% during the first quarter. OLD National Bancorp IN now owns 13,511 shares of the exchange traded fund’s stock valued at $590,000 after purchasing an additional 1,232 shares in the last quarter. Courier Capital LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 7.3% during the first quarter. Courier Capital LLC now owns 6,599 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 447 shares in the last quarter. Finally, IMC Chicago LLC purchased a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $1,267,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.8%

EEM opened at $54.06 on Wednesday. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $54.69. The firm’s fifty day simple moving average is $51.14 and its two-hundred day simple moving average is $47.58.

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).