Lazard Asset Management LLC Decreases Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Lazard Asset Management LLC trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 63.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 697,452 shares of the exchange traded fund’s stock after selling 1,206,429 shares during the quarter. Lazard Asset Management LLC owned approximately 0.17% of iShares MSCI Emerging Markets ETF worth $28,650,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $27,000. Cetera Trust Company N.A purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $32,000. Eagle Bay Advisors LLC increased its position in iShares MSCI Emerging Markets ETF by 430.9% during the fourth quarter. Eagle Bay Advisors LLC now owns 807 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 655 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $34,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $48,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $42.40 on Monday. The stock’s 50-day moving average price is $42.86 and its 200 day moving average price is $41.32. iShares MSCI Emerging Markets ETF has a 12-month low of $36.38 and a 12-month high of $44.64.

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).