Crestwood Advisors Group LLC Cuts Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Crestwood Advisors Group LLC cut its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 18.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,986 shares of the exchange traded fund’s stock after selling 4,337 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. DRW Securities LLC boosted its position in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $105,980,000. LPL Financial LLC raised its stake in iShares MSCI Emerging Markets ETF by 6.2% in the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after buying an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after buying an additional 27,779 shares in the last quarter. Finally, Total Investment Management Inc. raised its stake in iShares MSCI Emerging Markets ETF by 3.7% in the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after buying an additional 54,732 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $44.24 on Wednesday. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The firm has a 50-day moving average of $42.76 and a 200 day moving average of $43.66.

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).