Lazard Asset Management LLC decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 62.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 83,339 shares of the exchange traded fund’s stock after selling 136,267 shares during the period. Lazard Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,733,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $25,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter worth $27,000. Jessup Wealth Management Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of EEM opened at $64.09 on Friday. The firm has a market capitalization of $28.81 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The company’s fifty day moving average price is $66.64 and its 200-day moving average price is $62.73.
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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
See Also
- Five stocks we like better than iShares MSCI Emerging Markets ETF
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
Receive News & Ratings for iShares MSCI Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
