CIBC Asset Management Inc Trims Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

CIBC Asset Management Inc cut its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,779 shares of the exchange traded fund’s stock after selling 4,253 shares during the quarter. CIBC Asset Management Inc’s holdings in iShares MSCI Emerging Markets ETF were worth $5,400,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Guidance Capital Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 1.5% during the second quarter. Guidance Capital Inc. now owns 44,742 shares of the exchange traded fund’s stock valued at $1,922,000 after buying an additional 675 shares during the period. Crestwood Advisors Group LLC lifted its stake in iShares MSCI Emerging Markets ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 18,992 shares of the exchange traded fund’s stock worth $809,000 after purchasing an additional 619 shares during the last quarter. Elevated Capital Advisors LLC lifted its stake in iShares MSCI Emerging Markets ETF by 9.0% during the second quarter. Elevated Capital Advisors LLC now owns 6,065 shares of the exchange traded fund’s stock worth $258,000 after purchasing an additional 500 shares during the last quarter. Financial Counselors Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 12.1% during the second quarter. Financial Counselors Inc. now owns 47,621 shares of the exchange traded fund’s stock worth $2,028,000 after purchasing an additional 5,142 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in iShares MSCI Emerging Markets ETF by 14.8% during the second quarter. Farther Finance Advisors LLC now owns 15,117 shares of the exchange traded fund’s stock worth $645,000 after purchasing an additional 1,950 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $42.51 on Thursday. The business has a 50-day moving average price of $42.91 and a two-hundred day moving average price of $42.02. iShares MSCI Emerging Markets ETF has a 12-month low of $36.38 and a 12-month high of $44.64.

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).