Ethos Financial Group LLC Lowers Stake in iShares MSCI Emerging Markets ETF $EEM

Ethos Financial Group LLC cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 62.9% during the second quarter, HoldingsChannel reports. The firm owned 7,353 shares of the exchange traded fund’s stock after selling 12,463 shares during the period. Ethos Financial Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tompkins Financial Corp purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $26,000. Maseco LLP acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $27,000. Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $34,000. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $35,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $44,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $54.55 on Friday. The business has a 50 day simple moving average of $53.42 and a 200-day simple moving average of $49.56. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $56.31. The stock has a market capitalization of $20.74 billion, a PE ratio of 14.46 and a beta of 0.64.

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).