Cassaday & Co Wealth Management LLC lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,855,580 shares of the exchange traded fund’s stock after selling 42,070 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 2.2% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 11th largest holding. Cassaday & Co Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $105,378,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF in the first quarter valued at about $27,000. BTG Pactual Asset Management US LLC lifted its position in iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of EEM stock opened at $63.56 on Tuesday. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The firm has a market cap of $28.14 billion, a PE ratio of 14.46 and a beta of 0.72. The company has a 50-day moving average of $67.02 and a two-hundred day moving average of $62.31.
About iShares MSCI Emerging Markets ETF
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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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