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

Independence Wealth Advisors LLC lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 75.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,895 shares of the exchange traded fund’s stock after selling 52,965 shares during the period. Independence Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EEM. Vigilare Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth $224,000. True Freedom Investing LLC grew its holdings in iShares MSCI Emerging Markets ETF by 70.9% in the third quarter. True Freedom Investing LLC now owns 101,616 shares of the exchange traded fund’s stock valued at $6,787,000 after purchasing an additional 42,164 shares during the last quarter. Pinnacle Financial Group LLC IL increased its position in shares of iShares MSCI Emerging Markets ETF by 2.3% in the third quarter. Pinnacle Financial Group LLC IL now owns 177,397 shares of the exchange traded fund’s stock valued at $11,848,000 after buying an additional 3,975 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $217,000. Finally, Traynor Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $209,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $61.04 on Monday. The company has a market capitalization of $28.29 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The stock has a fifty day simple moving average of $66.11 and a 200-day simple moving average of $63.82.

iShares MSCI Emerging Markets ETF Company 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.