Institute for Wealth Management LLC. Lowers Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Institute for Wealth Management LLC. trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,585 shares of the exchange traded fund’s stock after selling 2,586 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EEM. Fairfield Bush & CO. purchased a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $146,000. AMI Investment Management Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 5.7% during the first quarter. AMI Investment Management Inc. now owns 11,268 shares of the exchange traded fund’s stock valued at $509,000 after acquiring an additional 605 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of iShares MSCI Emerging Markets ETF by 62.5% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 65,005 shares of the exchange traded fund’s stock valued at $2,935,000 after acquiring an additional 25,000 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 14.5% during the first quarter. Moors & Cabot Inc. now owns 8,965 shares of the exchange traded fund’s stock valued at $405,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 9.3% during the first quarter. Baird Financial Group Inc. now owns 892,269 shares of the exchange traded fund’s stock valued at $40,286,000 after acquiring an additional 76,229 shares during the last quarter. 76.58% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM traded up $0.58 during trading on Thursday, reaching $39.42. 5,210,095 shares of the company traded hands, compared to its average volume of 30,865,664. iShares MSCI Emerging Markets ETF has a twelve month low of $36.38 and a twelve month high of $42.53. The stock has a 50-day simple moving average of $38.63 and a 200-day simple moving average of $39.20.

iShares MSCI Emerging Markets ETF Company Profile

(Free Report)

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).

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