Summit Wealth & Retirement Planning Inc. Trims Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Summit Wealth & Retirement Planning Inc. reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 118,432 shares of the exchange traded fund’s stock after selling 1,847 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 1.5% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 16th biggest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,953,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Covenant Partners LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3,291.7% during the third quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 790 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $37,000. Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth $40,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 40.0% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 1,221 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 349 shares in the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $65,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $43.20 on Friday. The business has a 50 day simple moving average of $42.64 and a 200-day simple moving average of $43.43. iShares MSCI Emerging Markets ETF has a 12 month low of $38.95 and a 12 month high of $47.44.

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).