Advisors Preferred LLC Cuts Position in iShares MSCI Emerging Markets ETF $EEM

Advisors Preferred LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 28.8% in the second quarter, HoldingsChannel reports. The firm owned 392,596 shares of the exchange traded fund’s stock after selling 158,673 shares during the quarter. iShares MSCI Emerging Markets ETF makes up approximately 3.1% of Advisors Preferred LLC’s holdings, making the stock its 6th largest holding. Advisors Preferred LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $18,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EEM. Brighton Jones LLC increased its position in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after acquiring an additional 1,940 shares during the period. Mutual Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 129.3% during the 1st quarter. Mutual Advisors LLC now owns 20,709 shares of the exchange traded fund’s stock valued at $900,000 after purchasing an additional 11,679 shares during the period. Strategic Blueprint LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 34.9% in the first quarter. Strategic Blueprint LLC now owns 14,540 shares of the exchange traded fund’s stock valued at $635,000 after buying an additional 3,764 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after acquiring an additional 28,793 shares during the period. Finally, Financial Counselors Inc. raised its position in iShares MSCI Emerging Markets ETF by 53.8% in the first quarter. Financial Counselors Inc. now owns 70,572 shares of the exchange traded fund’s stock worth $3,084,000 after acquiring an additional 24,677 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $55.65 on Tuesday. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $56.31. The company has a market capitalization of $21.16 billion, a P/E ratio of 14.46 and a beta of 0.64. The company’s 50 day simple moving average is $53.04 and its 200 day simple moving average is $49.31.

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).