WASHINGTON TRUST Co Sells 173,092 Shares of iShares MSCI Emerging Markets ETF $EEM

WASHINGTON TRUST Co reduced its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,284 shares of the exchange traded fund’s stock after selling 173,092 shares during the period. WASHINGTON TRUST Co’s holdings in iShares MSCI Emerging Markets ETF were worth $553,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC increased its position in iShares MSCI Emerging Markets ETF by 1,682.0% during the third quarter. Yousif Capital Management LLC now owns 75,163 shares of the exchange traded fund’s stock worth $5,020,000 after buying an additional 70,945 shares during the last quarter. BIP Wealth LLC raised its holdings in iShares MSCI Emerging Markets ETF by 4.6% during the third quarter. BIP Wealth LLC now owns 326,457 shares of the exchange traded fund’s stock valued at $21,804,000 after buying an additional 14,384 shares in the last quarter. Parthenon LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at about $419,000. New Harbor Financial Group LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $39,259,000. Finally, Curry Webb Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $40,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $62.01 on Friday. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The business’s 50-day simple moving average is $66.56 and its 200-day simple moving average is $65.87. iShares MSCI Emerging Markets ETF has a 52 week low of $52.38 and a 52 week high of $71.57.

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). 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.