1900 Wealth Management LLC Trims Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

1900 Wealth Management LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,676 shares of the exchange traded fund’s stock after selling 900 shares during the period. 1900 Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pillar Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $28,000. Elequin Capital LP purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Navigoe LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $30,000. Copia Wealth Management acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $47.23 on Tuesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.97. The company has a market capitalization of $17.79 billion, a PE ratio of 13.99 and a beta of 0.62. The stock has a fifty day moving average of $44.83 and a two-hundred day moving average of $43.73.

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).