iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,711 shares of the exchange traded fund’s stock after selling 1,057 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter worth $204,000. Procyon Advisors LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 2.8% in the first quarter. Procyon Advisors LLC now owns 17,652 shares of the exchange traded fund’s stock worth $771,000 after acquiring an additional 482 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 7.1% in the first quarter. Magnus Financial Group LLC now owns 30,076 shares of the exchange traded fund’s stock worth $1,314,000 after acquiring an additional 2,003 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 5.7% in the first quarter. Intellectus Partners LLC now owns 9,817 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 525 shares in the last quarter. Finally, Curat Global LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth $91,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.3%

iShares MSCI Emerging Markets ETF stock opened at $46.92 on Friday. The stock has a market cap of $17.67 billion, a P/E ratio of 13.99 and a beta of 0.62. The company has a fifty day simple moving average of $44.01 and a 200-day simple moving average of $43.55. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month 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).