Cubic Asset Management LLC Trims Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cubic Asset Management LLC cut its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 52.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,029 shares of the exchange traded fund’s stock after selling 5,500 shares during the period. Cubic Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in EEM. Rowland Carmichael Advisors Inc. ADV increased its stake in shares of iShares MSCI Emerging Markets ETF by 217.0% in the second quarter. Rowland Carmichael Advisors Inc. ADV now owns 634 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 434 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $43,000. Truehand Inc bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $45,000. Keebeck Wealth Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $53,000. Finally, Macroview Investment Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 38.5% during the second quarter. Macroview Investment Management LLC now owns 1,386 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 385 shares during the last quarter.

Shares of NYSEARCA:EEM opened at $45.22 on Friday. The firm has a fifty day moving average price of $44.78 and a 200 day moving average price of $41.59. iShares MSCI Emerging Markets ETF has a fifty-two week low of $30.09 and a fifty-two week high of $46.34.

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).

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Institutional Ownership by Quarter for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

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