Proffitt & Goodson Inc. Sells 1,928 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Proffitt & Goodson Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,197 shares of the exchange traded fund’s stock after selling 1,928 shares during the quarter. Proffitt & Goodson Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DRW Securities LLC boosted its stake in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $105,980,000. LPL Financial LLC boosted its stake in iShares MSCI Emerging Markets ETF by 6.2% during the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after acquiring an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 1.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after acquiring an additional 27,779 shares in the last quarter. Finally, Total Investment Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 3.7% during the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after acquiring an additional 54,732 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 1.4 %

Shares of NYSEARCA EEM opened at $43.21 on Friday. The firm has a market cap of $16.00 billion, a PE ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The company’s fifty day simple moving average is $42.86 and its 200 day simple moving average is $43.68.

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).