Mission Wealth Management LP Sells 1,163 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Mission Wealth Management LP lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,279 shares of the exchange traded fund’s stock after selling 1,163 shares during the period. Mission Wealth Management LP’s holdings in iShares MSCI Emerging Markets ETF were worth $932,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $37,000. Compass Planning Associates Inc acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $36,000. Creative Capital Management Investments LLC bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $38,000. Atmos Advisory LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $40,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $41,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $43.19 on Wednesday. The firm has a fifty day moving average of $42.88 and a 200-day moving average of $43.69. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week 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).