Riggs Asset Managment Co. Inc. Has $9.17 Million Position in iShares MSCI Emerging Markets ETF $EEM

Riggs Asset Managment Co. Inc. lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,604 shares of the exchange traded fund’s stock after selling 17,273 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 1.8% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 14th largest holding. Riggs Asset Managment Co. Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $9,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TKG Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $211,000. Field & Main Bank boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 6.5% in the 4th quarter. Field & Main Bank now owns 188,905 shares of the exchange traded fund’s stock worth $10,335,000 after acquiring an additional 11,473 shares in the last quarter. Cape ANN Savings Bank grew its position in iShares MSCI Emerging Markets ETF by 15.0% during the 4th quarter. Cape ANN Savings Bank now owns 4,687 shares of the exchange traded fund’s stock worth $256,000 after acquiring an additional 610 shares during the last quarter. Geneos Wealth Management Inc. grew its position in iShares MSCI Emerging Markets ETF by 17.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 169,947 shares of the exchange traded fund’s stock worth $9,298,000 after acquiring an additional 25,077 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in iShares MSCI Emerging Markets ETF by 3.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 61,811 shares of the exchange traded fund’s stock valued at $3,651,000 after purchasing an additional 2,340 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $62.35 on Friday. The stock has a fifty day moving average price of $59.49 and a two-hundred day moving average price of $57.07. iShares MSCI Emerging Markets ETF has a 52-week low of $43.10 and a 52-week high of $65.96. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 14.46 and a beta of 0.66.

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.