Asset Management Group Inc. trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 2.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 78,758 shares of the exchange traded fund’s stock after selling 1,930 shares during the period. Asset Management Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,294,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EEM. Pillar Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Navigoe LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $30,000. Compass Planning Associates Inc purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $36,000. Creative Capital Management Investments LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $38,000. Finally, Atmos Advisory LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $40,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Up 2.9 %
EEM opened at $45.00 on Friday. The firm has a market cap of $16.95 billion, a P/E ratio of 13.13 and a beta of 0.63. The business’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $43.34. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week 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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