iShares MSCI Emerging Markets ETF $EEM Stake Lowered by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,087,714 shares of the exchange traded fund’s stock after selling 23,632 shares during the period. iShares MSCI Emerging Markets ETF comprises about 3.0% of Halbert Hargrove Global Advisors LLC’s holdings, making the stock its 10th largest position. Halbert Hargrove Global Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $61,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EEM. Founders Financial Securities LLC boosted its stake in iShares MSCI Emerging Markets ETF by 0.3% in the 1st quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock worth $3,148,000 after purchasing an additional 163 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock valued at $184,000 after purchasing an additional 169 shares during the last quarter. Cim LLC grew its position in iShares MSCI Emerging Markets ETF by 3.0% during the 4th quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 182 shares during the last quarter. Nicolet Advisory Services LLC increased its stake in iShares MSCI Emerging Markets ETF by 2.9% during the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 184 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its stake in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Vivaldi Capital Management LP now owns 11,128 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 186 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $71.21 on Tuesday. The stock has a market capitalization of $31.53 billion, a PE ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 52-week low of $46.15 and a 52-week high of $71.57. The company has a 50-day simple moving average of $66.07 and a two-hundred day simple moving average of $60.63.

iShares MSCI Emerging Markets ETF 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.