iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Stake Reduced by Financial Counselors Inc.

Financial Counselors Inc. decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,895 shares of the exchange traded fund’s stock after selling 595 shares during the period. Financial Counselors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. TD Asset Management Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 4.9% in the fourth quarter. TD Asset Management Inc. now owns 4,423,372 shares of the exchange traded fund’s stock valued at $184,985,000 after buying an additional 207,719 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 14.8% during the fourth quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at $105,980,000. Cassaday & Co Wealth Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 1.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock valued at $80,984,000 after purchasing an additional 27,779 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $67,244,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.5 %

EEM stock opened at $44.60 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The firm has a 50-day moving average of $43.77 and a two-hundred day moving average of $43.84. The firm has a market capitalization of $16.90 billion, a PE ratio of 14.88 and a beta of 0.72.

iShares MSCI Emerging Markets ETF Company 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).