Morton Capital Management LLC CA decreased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,941 shares of the exchange traded fund’s stock after selling 935 shares during the quarter. Morton Capital Management LLC CA’s holdings in iShares MSCI Emerging Markets ETF were worth $416,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of EEM. Fairscale Capital LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $26,000. Covenant Partners LLC increased its position in iShares MSCI Emerging Markets ETF by 3,291.7% in the 3rd quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 790 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $37,000. Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $40,000. Finally, West Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
NYSEARCA:EEM opened at $41.76 on Friday. The stock’s 50 day moving average price is $42.95 and its 200 day moving average price is $43.54. iShares MSCI Emerging Markets ETF has a 52 week low of $37.48 and a 52 week high of $47.44.
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).
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