Cyndeo Wealth Partners LLC Cuts Holdings in iShares MSCI Emerging Markets ETF $EEM

Cyndeo Wealth Partners LLC lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 25,327 shares of the exchange traded fund’s stock after selling 678 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $26,000. Maseco LLP purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $27,000. Golden State Wealth Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 352 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 589.6% in the 1st quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 796 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $51.94 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $54.69. The stock has a market capitalization of $19.75 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The company has a fifty day moving average of $51.43 and a 200-day moving average of $47.74.

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).