Portland Global Advisors LLC Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

Portland Global Advisors LLC lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,185 shares of the exchange traded fund’s stock after selling 10,454 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 1.0% of Portland Global Advisors LLC’s portfolio, making the stock its 29th biggest holding. Portland Global Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $8,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. Brighton Jones LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after buying an additional 1,940 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 13.3% during the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after buying an additional 9,437 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $3,957,000. Gamco Investors INC. ET AL purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $462,000. Finally, Quantinno Capital Management LP grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after buying an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.0%

iShares MSCI Emerging Markets ETF stock opened at $68.60 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $69.11. The firm has a market capitalization of $30.38 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71. The company has a fifty day simple moving average of $62.40 and a 200-day simple moving average of $59.01.

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). 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.