Salus Financial Advisors LLC Sells 1,842 Shares of iShares MSCI Emerging Markets ETF $EEM

Salus Financial Advisors LLC lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,980 shares of the exchange traded fund’s stock after selling 1,842 shares during the period. iShares MSCI Emerging Markets ETF accounts for 0.9% of Salus Financial Advisors LLC’s portfolio, making the stock its 17th largest holding. Salus Financial Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,398,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EEM. Tompkins Financial Corp bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $26,000. Maseco LLP bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. Golden State Wealth Management LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 352 shares during the last quarter. Hemington Wealth Management bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $35,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $54.18 on Monday. The company has a 50 day moving average price of $51.89 and a 200 day moving average price of $48.14. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $54.69. The stock has a market capitalization of $20.60 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).