iShares MSCI Emerging Markets ETF $EEM Stake Reduced by Moneywise Inc.

Moneywise Inc. lessened its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 86.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,069 shares of the exchange traded fund’s stock after selling 110,217 shares during the quarter. iShares MSCI Emerging Markets ETF makes up approximately 1.1% of Moneywise Inc.’s investment portfolio, making the stock its 25th largest holding. Moneywise Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EEM. XP Advisory US Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at $566,000. IFP Advisors Inc boosted its position in iShares MSCI Emerging Markets ETF by 233.9% during the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after acquiring an additional 72,758 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $17,116,000. Buska Wealth Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 77.9% during the 3rd quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock worth $4,968,000 after acquiring an additional 32,561 shares during the period. Finally, Heritage Investors Management Corp acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $2,322,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.0%

EEM stock opened at $61.10 on Wednesday. The firm has a market cap of $28.32 billion, a PE ratio of 14.46 and a beta of 0.77. The stock has a 50-day moving average price of $65.89 and a 200-day moving average price of $63.85. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57.

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.