Kovitz Investment Group Partners LLC Sells 449 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Kovitz Investment Group Partners LLC lessened its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,584 shares of the exchange traded fund’s stock after selling 449 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEM. Pillar Financial Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $28,000. Compass Planning Associates Inc bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $36,000. Creative Capital Management Investments LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $38,000. Atmos Advisory LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $41,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $43.53 on Tuesday. The company has a 50 day simple moving average of $43.18 and a 200 day simple moving average of $43.35. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 13.13 and a beta of 0.63. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $47.44.

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).