KFA Private Wealth Group LLC lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 43.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,225 shares of the exchange traded fund’s stock after selling 11,674 shares during the quarter. KFA Private Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,042,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. First Bancorp Inc ME acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $37,000. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth approximately $27,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Down 0.4%
Shares of NYSEARCA:EEM opened at $66.77 on Wednesday. The firm has a market cap of $30.02 billion, a PE ratio of 14.46 and a beta of 0.74. The company has a fifty day simple moving average of $65.75 and a 200 day simple moving average of $63.88. iShares MSCI Emerging Markets ETF has a 12-month low of $49.35 and a 12-month 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.
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