Focus Financial Network Inc. Reduces Holdings in iShares MSCI Emerging Markets ETF $EEM

Focus Financial Network Inc. decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 70.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,458 shares of the exchange traded fund’s stock after selling 10,701 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of iShares MSCI Emerging Markets ETF by 92.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after acquiring an additional 110,888 shares in the last quarter. Roman Butler Fullerton & Co. grew its position in shares of iShares MSCI Emerging Markets ETF by 24.8% in the fourth quarter. Roman Butler Fullerton & Co. now owns 53,499 shares of the exchange traded fund’s stock valued at $3,140,000 after purchasing an additional 10,639 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 53.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,799 shares of the exchange traded fund’s stock valued at $1,685,000 after purchasing an additional 10,735 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 16.1% during the 4th quarter. Farther Finance Advisors LLC now owns 178,350 shares of the exchange traded fund’s stock valued at $9,758,000 after purchasing an additional 24,679 shares during the period. Finally, PKO Investment Management Joint Stock Co lifted its holdings in iShares MSCI Emerging Markets ETF by 6.4% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 157,182 shares of the exchange traded fund’s stock worth $8,599,000 after purchasing an additional 9,458 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.3%

Shares of NYSEARCA EEM opened at $66.68 on Friday. The company has a market cap of $29.98 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $49.35 and a 52 week high of $71.57. The business has a 50-day simple moving average of $66.05 and a two-hundred day simple moving average of $63.25.

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). 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.