iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Stake Cut by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.4% in the first quarter, HoldingsChannel.com reports. The fund owned 101,234 shares of the exchange traded fund’s stock after selling 5,751 shares during the quarter. Central Bank & Trust Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GM Advisory Group LLC increased its stake in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 448 shares during the period. QRG Capital Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $205,000. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 70.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 5,063 shares during the period. Discovery Capital Management LLC CT acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $312,000. Finally, Carret Asset Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 4.2% in the 4th quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock valued at $881,000 after buying an additional 857 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.3%

NYSEARCA EEM opened at $46.92 on Friday. The company has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $43.55. The company has a market cap of $17.67 billion, a P/E ratio of 13.99 and a beta of 0.62. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $47.44.

iShares MSCI Emerging Markets ETF Company 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).