Professional Advisory Services Inc. Cuts Stock Holdings in iShares MSCI Emerging Markets ex China ETF $EMXC

Professional Advisory Services Inc. lessened its stake in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) by 25.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 205,255 shares of the company’s stock after selling 70,220 shares during the quarter. iShares MSCI Emerging Markets ex China ETF comprises 2.4% of Professional Advisory Services Inc.’s holdings, making the stock its 23rd largest position. Professional Advisory Services Inc.’s holdings in iShares MSCI Emerging Markets ex China ETF were worth $20,337,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sankala Group LLC bought a new position in iShares MSCI Emerging Markets ex China ETF in the fourth quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ex China ETF in the 1st quarter valued at about $205,000. Emprise Bank purchased a new position in shares of iShares MSCI Emerging Markets ex China ETF in the second quarter valued at $214,000. Osprey Private Wealth LLC bought a new position in shares of iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at approximately $246,000. Finally, SVB Wealth LLC acquired a new position in shares of iShares MSCI Emerging Markets ex China ETF in the second quarter worth $256,000.

iShares MSCI Emerging Markets ex China ETF Stock Down 2.2%

NASDAQ:EMXC traded down $2.26 during mid-day trading on Thursday, reaching $98.22. The company’s stock had a trading volume of 2,118,445 shares, compared to its average volume of 2,942,179. The stock has a fifty day moving average of $98.19 and a 200-day moving average of $94.85. The firm has a market capitalization of $25.31 billion, a PE ratio of 15.28 and a beta of 0.90. iShares MSCI Emerging Markets ex China ETF has a 1 year low of $67.01 and a 1 year high of $107.12.

About iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.