Wealthedge Investment Advisors LLC reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,941 shares of the exchange traded fund’s stock after selling 8,782 shares during the period. Wealthedge Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,203,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Tompkins Financial Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $26,000. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $27,000. Traub Capital Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Hemington Wealth Management bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $35,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Up 0.1%
NYSEARCA:EEM opened at $54.32 on Monday. The firm has a market capitalization of $20.66 billion, a PE ratio of 14.46 and a beta of 0.64. The stock has a 50 day moving average of $54.26 and a 200-day moving average of $50.69. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31.
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).
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