Fluent Financial LLC cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 76.1% in the 2nd quarter, Holdings Channel reports. The firm owned 67,525 shares of the exchange traded fund’s stock after selling 214,512 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 1.6% of Fluent Financial LLC’s portfolio, making the stock its 12th largest holding. Fluent Financial LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,619,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EEM. Brighton Jones LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after acquiring an additional 1,940 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 13.3% in the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after acquiring an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $3,957,000. Gamco Investors INC. ET AL acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $462,000. Finally, Quantinno Capital Management LP raised its position in shares of iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA EEM opened at $65.64 on Monday. iShares MSCI Emerging Markets ETF has a 12 month low of $49.23 and a 12 month high of $71.57. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The business has a fifty day simple moving average of $66.38 and a 200-day simple moving average of $63.03.
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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