iShares MSCI Emerging Markets ETF $EEM Stock Position Reduced by FineMark National Bank & Trust

FineMark National Bank & Trust trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.9% in the second quarter, Holdings Channel.com reports. The fund owned 362,049 shares of the exchange traded fund’s stock after selling 14,710 shares during the period. FineMark National Bank & Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $17,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EEM. Traub Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the second quarter worth $34,000. Wealthspire Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 12.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 109,466 shares of the exchange traded fund’s stock worth $5,281,000 after buying an additional 11,732 shares during the last quarter. Angeles Investment Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $55,000. Diversified Portfolios Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 6.8% in the 2nd quarter. Diversified Portfolios Inc. now owns 11,721 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 750 shares during the period. Finally, Nordwand Advisors LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 6,128.0% during the 2nd quarter. Nordwand Advisors LLC now owns 41,665 shares of the exchange traded fund’s stock valued at $2,010,000 after buying an additional 40,996 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 0.5%

Shares of NYSEARCA EEM opened at $54.04 on Wednesday. The firm’s 50-day moving average price is $54.07 and its two-hundred day moving average price is $50.21. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $56.31. The stock has a market capitalization of $20.55 billion, a P/E ratio of 14.46 and a beta of 0.64.

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).