iShares MSCI Emerging Markets ETF $EEM Stock: VestGen Advisors LLC Reduces Stake

VestGen Advisors LLC trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 48.0% in the third quarter, Holdings Channel reports. The fund owned 21,703 shares of the exchange traded fund’s stock after selling 20,014 shares during the quarter. VestGen Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. XP Advisory US Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $566,000. IFP Advisors Inc raised its stake in shares of iShares MSCI Emerging Markets ETF by 233.9% in the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after purchasing an additional 72,758 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $17,116,000. Buska Wealth Management LLC lifted its position in iShares MSCI Emerging Markets ETF by 77.9% in the third quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock worth $4,968,000 after purchasing an additional 32,561 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after acquiring an additional 228,966 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 EEM stock opened at $61.04 on Friday. The stock’s fifty day simple moving average is $66.11 and its 200 day simple moving average is $63.82. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.