iShares MSCI Emerging Markets ETF $EEM Shares Sold by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,237 shares of the exchange traded fund’s stock after selling 1,960 shares during the quarter. Proffitt & Goodson Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EEM. Tompkins Financial Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $26,000. Maseco LLP purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $27,000. Golden State Wealth Management LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 352 shares in the last quarter. Dunhill Financial LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 589.6% during the first quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 796 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth $41,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $54.06 on Wednesday. The company’s fifty day moving average price is $51.14 and its 200 day moving average price is $47.58. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $54.69. The company has a market capitalization of $20.56 billion, a PE ratio of 14.46 and a beta of 0.74.

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).