Cassaday & Co Wealth Management LLC Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

Cassaday & Co Wealth Management LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,855,580 shares of the exchange traded fund’s stock after selling 42,070 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.2% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Cassaday & Co Wealth Management LLC owned 0.42% of iShares MSCI Emerging Markets ETF worth $105,378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $25,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $31,000. Finally, Elevated Capital Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $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 stock opened at $63.56 on Tuesday. The firm’s 50-day moving average is $67.02 and its two-hundred day moving average is $62.31. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The company has a market capitalization of $28.14 billion, a PE ratio of 14.46 and a beta of 0.72.

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.