Patten & Patten Inc. TN Trims Stake in iShares MSCI Emerging Markets ETF $EEM

Patten & Patten Inc. TN trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 29.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,927 shares of the exchange traded fund’s stock after selling 4,640 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares MSCI Emerging Markets ETF were worth $527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EEM. Tompkins Financial Corp bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth $26,000. Maseco LLP bought a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth about $27,000. Golden State Wealth Management LLC lifted its position 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 acquiring an additional 352 shares during the period. Hemington Wealth Management bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Finally, Dunhill Financial LLC grew its holdings in iShares MSCI Emerging Markets ETF by 589.6% in the first quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 796 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $54.19 on Friday. The company has a 50 day simple moving average of $51.80 and a two-hundred day simple moving average of $48.00. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $54.69. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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).