Westmount Partners LLC lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 43.7% in the second quarter, HoldingsChannel reports. The fund owned 10,977 shares of the exchange traded fund’s stock after selling 8,528 shares during the period. Westmount Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $751,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of EEM. Founders Financial Securities LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 0.3% during the first quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 163 shares during the period. Arcus Capital Partners LLC grew its position in iShares MSCI Emerging Markets ETF by 1.0% in the 1st quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock valued at $959,000 after buying an additional 167 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 169 shares during the period. Cim LLC increased its stake in iShares MSCI Emerging Markets ETF by 3.0% during the 4th quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 182 shares during the period. Finally, Nicolet Advisory Services LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 2.9% during the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 184 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Down 1.1%
EEM stock opened at $65.02 on Friday. The firm’s 50-day moving average is $66.44 and its two-hundred day moving average is $62.98. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $49.23 and a 52 week high of $71.57.
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). 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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