MMA Asset Management LLC Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

MMA Asset Management LLC trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 40.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 62,770 shares of the exchange traded fund’s stock after selling 42,989 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 1.2% of MMA Asset Management LLC’s holdings, making the stock its 22nd largest holding. MMA Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. Brighton Jones LLC increased its holdings in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after acquiring an additional 1,940 shares in the last quarter. Mutual Advisors LLC increased its holdings in iShares MSCI Emerging Markets ETF by 129.3% in the 1st quarter. Mutual Advisors LLC now owns 20,709 shares of the exchange traded fund’s stock worth $900,000 after acquiring an additional 11,679 shares in the last quarter. Strategic Blueprint LLC increased its holdings in iShares MSCI Emerging Markets ETF by 34.9% in the 1st quarter. Strategic Blueprint LLC now owns 14,540 shares of the exchange traded fund’s stock worth $635,000 after acquiring an additional 3,764 shares in the last quarter. Bolthouse Investments LLC grew its holdings in iShares MSCI Emerging Markets ETF by 17.9% during the 1st quarter. Bolthouse Investments LLC now owns 38,113 shares of the exchange traded fund’s stock valued at $1,666,000 after buying an additional 5,782 shares in the last quarter. Finally, Viewpoint Capital Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 0.8% during the 1st quarter. Viewpoint Capital Management LLC now owns 40,636 shares of the exchange traded fund’s stock valued at $1,776,000 after buying an additional 340 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 EEM opened at $55.30 on Monday. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $56.31. The company has a 50 day simple moving average of $52.93 and a two-hundred day simple moving average of $49.21. The firm has a market cap of $21.03 billion, a P/E ratio of 14.46 and a beta of 0.64.

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).