Provenance Wealth Advisors LLC Sells 31,791 Shares of iShares MSCI Emerging Markets ETF $EEM

Provenance Wealth Advisors LLC decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,217 shares of the exchange traded fund’s stock after selling 31,791 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 2.3% of Provenance Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest position. Provenance Wealth Advisors LLC owned 0.13% of iShares MSCI Emerging Markets ETF worth $39,755,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MADDEN SECURITIES Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $27,000. Balance Wealth Partners LLC purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter worth approximately $28,000. Financial Management Professionals Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter worth approximately $29,000. Manning & Napier Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 491.4% in the first quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 516 shares during the period. Finally, First Bancorp Inc ME acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $37,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.0%

NYSEARCA:EEM opened at $61.10 on Wednesday. iShares MSCI Emerging Markets ETF has a 52 week low of $52.38 and a 52 week high of $71.57. The company has a market capitalization of $28.32 billion, a P/E ratio of 14.46 and a beta of 0.77. The stock’s fifty day moving average is $65.89 and its two-hundred day moving average is $63.85.

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.