City National Bank of Florida MSD Decreases Position in iShares MSCI Emerging Markets ETF $EEM

City National Bank of Florida MSD cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,817 shares of the exchange traded fund’s stock after selling 10,228 shares during the period. City National Bank of Florida MSD’s holdings in iShares MSCI Emerging Markets ETF were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. BTG Pactual Asset Management US LLC raised its position in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the period. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $68.56 on Thursday. iShares MSCI Emerging Markets ETF has a 1 year low of $46.15 and a 1 year high of $70.86. The stock’s 50 day simple moving average is $65.37 and its two-hundred day simple moving average is $60.28. The company has a market cap of $30.36 billion, a PE ratio of 14.46 and a beta of 0.73.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.