Lazard Asset Management LLC trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 62.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,339 shares of the exchange traded fund’s stock after selling 136,267 shares during the period. Lazard Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,733,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $27,000. BTG Pactual Asset Management US LLC boosted its holdings 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 purchasing an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Performance
Shares of EEM opened at $64.09 on Friday. The business’s 50-day moving average is $66.64 and its two-hundred day moving average is $62.73. The company has a market capitalization of $28.81 billion, a P/E ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.98 and a fifty-two week high of $71.57.
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). 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.
See Also
- Five stocks we like better than iShares MSCI Emerging Markets ETF
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
Receive News & Ratings for iShares MSCI Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
