Commerce Bank cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 6.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 197,387 shares of the exchange traded fund’s stock after selling 14,724 shares during the quarter. Commerce Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $8,255,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Pillar Financial Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $28,000. Compass Planning Associates Inc bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $36,000. Creative Capital Management Investments LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $38,000. Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $41,000. 81.39% of the stock is owned by institutional investors.
iShares MSCI Emerging Markets ETF Stock Up 0.8 %
Shares of NYSEARCA:EEM opened at $41.92 on Friday. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 14.53 and a beta of 0.63. The business has a 50 day moving average price of $43.34 and a 200 day moving average price of $43.52. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $47.44.
About iShares MSCI Emerging Markets ETF
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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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
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