USA Financial Formulas Sells 1,135,587 Shares of iShares MSCI Emerging Markets ETF $EEM

USA Financial Formulas reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 95.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,962 shares of the exchange traded fund’s stock after selling 1,135,587 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 0.6% of USA Financial Formulas’ portfolio, making the stock its 12th biggest holding. USA Financial Formulas’ holdings in iShares MSCI Emerging Markets ETF were worth $3,405,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EEM. Mirae Asset Global Investments Co. Ltd. increased its stake in iShares MSCI Emerging Markets ETF by 92.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock valued at $12,632,000 after acquiring an additional 110,888 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 53.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,799 shares of the exchange traded fund’s stock valued at $1,685,000 after buying an additional 10,735 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 30.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 91,589 shares of the exchange traded fund’s stock valued at $5,011,000 after buying an additional 21,352 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its position in iShares MSCI Emerging Markets ETF by 6.4% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 157,182 shares of the exchange traded fund’s stock worth $8,599,000 after buying an additional 9,458 shares during the last quarter. Finally, Erste Asset Management GmbH lifted its position in iShares MSCI Emerging Markets ETF by 1.2% in the 4th quarter. Erste Asset Management GmbH now owns 759,519 shares of the exchange traded fund’s stock worth $41,553,000 after buying an additional 8,700 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $66.61 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $49.35 and a 1 year high of $71.57. The stock has a 50 day simple moving average of $66.09 and a two-hundred day simple moving average of $63.27. The firm has a market cap of $29.94 billion, a P/E ratio of 14.46 and a beta of 0.74.

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.