NorthCrest Asset Manangement LLC reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,434 shares of the exchange traded fund’s stock after selling 1,673 shares during the period. NorthCrest Asset Manangement LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,459,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI Emerging Markets ETF by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 433,673 shares of the exchange traded fund’s stock worth $21,146,000 after buying an additional 20,866 shares during the last quarter. Atticus Wealth Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 2.2% in the second quarter. Atticus Wealth Management LLC now owns 35,225 shares of the exchange traded fund’s stock worth $1,699,000 after acquiring an additional 760 shares during the period. Tompkins Financial Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $26,000. Signal Advisors Wealth LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $256,000. Finally, Sovran Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $373,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Down 0.2%
Shares of EEM stock opened at $53.13 on Friday. The company has a 50 day moving average price of $50.00 and a 200-day moving average price of $46.74. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $53.67. The firm has a market capitalization of $20.20 billion, a PE ratio of 14.46 and a beta of 0.74.
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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