Tobias Financial Advisors Inc. Cuts Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Tobias Financial Advisors Inc. decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.0% during the 3rd quarter, Holdings Channel reports. The fund owned 76,386 shares of the exchange traded fund’s stock after selling 4,879 shares during the quarter. iShares MSCI Emerging Markets ETF comprises about 0.7% of Tobias Financial Advisors Inc.’s holdings, making the stock its 29th biggest position. Tobias Financial Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,503,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC raised its position in iShares MSCI Emerging Markets ETF by 22.8% in the third quarter. Crestwood Advisors Group LLC now owns 23,323 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 4,331 shares in the last quarter. Madden Advisory Services Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $376,000. Quintet Private Bank Europe S.A. boosted its holdings in iShares MSCI Emerging Markets ETF by 8.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 15,944 shares of the exchange traded fund’s stock worth $731,000 after buying an additional 1,193 shares in the last quarter. Solstein Capital LLC grew its position in iShares MSCI Emerging Markets ETF by 46.3% during the third quarter. Solstein Capital LLC now owns 63,288 shares of the exchange traded fund’s stock worth $2,902,000 after buying an additional 20,016 shares during the period. Finally, Retirement Financial Solutions LLC increased its holdings in iShares MSCI Emerging Markets ETF by 1.8% in the third quarter. Retirement Financial Solutions LLC now owns 257,891 shares of the exchange traded fund’s stock valued at $11,827,000 after buying an additional 4,458 shares in the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $45.35 on Wednesday. The business’s 50 day simple moving average is $44.65 and its 200-day simple moving average is $43.32. iShares MSCI Emerging Markets ETF has a 12 month low of $37.48 and a 12 month high of $47.44.

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).