iShares MSCI Emerging Markets ETF $EEM Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 34.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,279 shares of the exchange traded fund’s stock after selling 71,970 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $9,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EEM. Atwood & Palmer Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $300,000. YHB Investment Advisors Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $1,139,000. Apella Capital LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 164.8% during the third quarter. Apella Capital LLC now owns 28,014 shares of the exchange traded fund’s stock worth $1,887,000 after buying an additional 17,433 shares in the last quarter. Gradient Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $45,301,000. Finally, Avidian Wealth Enterprises LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $2,653,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM traded down $1.27 during midday trading on Thursday, hitting $66.10. The company’s stock had a trading volume of 35,561,823 shares, compared to its average volume of 31,569,309. The business’s 50 day simple moving average is $66.86 and its 200 day simple moving average is $65.28. The company has a market cap of $30.64 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12-month low of $51.82 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.