RFG Advisory LLC lowered its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 33.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 38,226 shares of the exchange traded fund’s stock after selling 19,379 shares during the quarter. RFG Advisory LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,171,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EEM. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. Jessup Wealth Management Inc purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Finally, MidFirst Bank bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of iShares MSCI Emerging Markets ETF stock opened at $67.19 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $47.90 and a 1 year high of $71.57. The firm has a market cap of $29.75 billion, a PE ratio of 14.46 and a beta of 0.73. The stock has a fifty day moving average price of $66.54 and a 200-day moving average price of $60.95.
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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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).
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