Foster & Motley Inc. Reduces Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Foster & Motley Inc. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,270 shares of the exchange traded fund’s stock after selling 3,228 shares during the period. Foster & Motley Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth about $26,000. Innealta Capital LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $32,000. Covenant Partners LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 3,291.7% during the third quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 790 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 836.5% in the second quarter. Jamison Private Wealth Management Inc. now owns 974 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 870 shares during the period. Finally, Clean Yield Group bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at $43,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $44.79 on Thursday. The firm has a fifty day simple moving average of $44.68 and a two-hundred day simple moving average of $43.33. iShares MSCI Emerging Markets ETF has a 12 month low of $37.48 and a 12 month high of $47.44.

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).