iShares MSCI Emerging Markets ETF $EEM Shares Sold by Independence Wealth Advisors LLC

Independence Wealth Advisors LLC decreased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 60.3% during the 1st quarter, HoldingsChannel reports. The firm owned 31,093 shares of the exchange traded fund’s stock after selling 47,181 shares during the period. iShares MSCI Emerging Markets ETF comprises 0.9% of Independence Wealth Advisors LLC’s holdings, making the stock its 18th largest position. Independence Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after buying an additional 1,940 shares during the period. AQR Capital Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after buying an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $3,957,000. Gamco Investors INC. ET AL acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $462,000. Finally, Quantinno Capital Management LP grew its position in shares of iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after acquiring an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.1%

EEM stock opened at $67.25 on Thursday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.82 and a fifty-two week high of $71.57. The firm’s 50-day simple moving average is $66.33 and its 200 day simple moving average is $60.82. The stock has a market cap of $29.78 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.