Cranbrook Wealth Management LLC Sells 1,073 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cranbrook Wealth Management LLC decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,774 shares of the exchange traded fund’s stock after selling 1,073 shares during the period. Cranbrook Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Klingman & Associates LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 1.5% during the first quarter. Klingman & Associates LLC now owns 17,171 shares of the exchange traded fund’s stock valued at $705,000 after purchasing an additional 252 shares in the last quarter. Carret Asset Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.3% during the 2nd quarter. Carret Asset Management LLC now owns 19,525 shares of the exchange traded fund’s stock worth $832,000 after acquiring an additional 258 shares in the last quarter. Patriot Investment Management Group Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 1.6% during the second quarter. Patriot Investment Management Group Inc. now owns 16,036 shares of the exchange traded fund’s stock worth $683,000 after purchasing an additional 259 shares during the last quarter. Joseph Group Capital Management grew its holdings in shares of iShares MSCI Emerging Markets ETF by 12.2% during the fourth quarter. Joseph Group Capital Management now owns 2,414 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 263 shares during the last quarter. Finally, Signaturefd LLC raised its position in iShares MSCI Emerging Markets ETF by 0.8% in the 2nd quarter. Signaturefd LLC now owns 32,305 shares of the exchange traded fund’s stock valued at $1,376,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $42.97 on Tuesday. The firm has a 50-day moving average price of $42.79 and a 200 day moving average price of $42.15. iShares MSCI Emerging Markets ETF has a 52-week low of $36.38 and a 52-week high of $44.64.

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).