Palumbo Wealth Management LLC Reduces Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Palumbo Wealth Management LLC cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,810 shares of the exchange traded fund’s stock after selling 2,138 shares during the quarter. Palumbo Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. DRW Securities LLC increased its holdings in iShares MSCI Emerging Markets ETF by 603.8% during the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after purchasing an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $105,980,000. LPL Financial LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares during the last quarter. Connable Office Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. Connable Office Inc. now owns 1,162,015 shares of the exchange traded fund’s stock valued at $53,290,000 after acquiring an additional 10,578 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $29,856,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.8 %

Shares of NYSEARCA EEM opened at $44.41 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $39.39 and a twelve month high of $47.44. The business has a 50 day simple moving average of $42.67 and a 200-day simple moving average of $43.49.

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).