Morris Financial Concepts Inc. Trims Position in iShares MSCI Emerging Markets ETF $EEM

Morris Financial Concepts Inc. lessened its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,139 shares of the exchange traded fund’s stock after selling 2,835 shares during the quarter. Morris Financial Concepts Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $26,000. Maseco LLP purchased a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $27,000. Golden State Wealth Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 352 shares in the last quarter. Hemington Wealth Management purchased a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $34,000. Finally, Dunhill Financial LLC grew its holdings in iShares MSCI Emerging Markets ETF by 589.6% during the 1st quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.9%

EEM stock opened at $52.97 on Wednesday. The firm has a market capitalization of $20.14 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $54.69. The stock has a 50-day simple moving average of $51.61 and a two-hundred day simple moving average of $47.89.

iShares MSCI Emerging Markets ETF 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).