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

BIP Wealth LLC lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,397 shares of the exchange traded fund’s stock after selling 18,435 shares during the period. BIP Wealth LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $16,435,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth $27,000. BTG Pactual Asset Management US LLC grew its holdings in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $65.70 on Friday. The company has a market capitalization of $29.09 billion, a P/E ratio of 14.46 and a beta of 0.72. The company has a 50-day moving average of $66.92 and a 200-day moving average of $61.38. iShares MSCI Emerging Markets ETF has a 1-year low of $47.96 and a 1-year high of $71.57.

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). 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.