Cadence Wealth Management LLC Sells 31,222 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cadence Wealth Management LLC lowered its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 34.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,615 shares of the exchange traded fund’s stock after selling 31,222 shares during the period. iShares MSCI Emerging Markets ETF comprises about 2.2% of Cadence Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Cadence Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in iShares MSCI Emerging Markets ETF during the second quarter worth $32,000. Covenant Partners LLC increased 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 valued at $37,000 after acquiring an additional 790 shares in the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 836.5% during the second quarter. Jamison Private Wealth Management Inc. now owns 974 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 870 shares during the last quarter. Finally, Clean Yield Group bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $43,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $42.95 on Friday. The stock’s fifty day simple moving average is $44.81 and its two-hundred day simple moving average is $43.46. iShares MSCI Emerging Markets ETF has a 1-year low of $37.48 and a 1-year 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).