Mariner LLC Trims Stake in iShares MSCI Emerging Markets ETF $EEM

Mariner LLC reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 36.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,483,466 shares of the exchange traded fund’s stock after selling 841,148 shares during the period. Mariner LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $81,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Jessup Wealth Management Inc purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $31,000. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $31,000. Finally, BTG Pactual Asset Management US LLC raised its position in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the period. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $69.75 on Tuesday. The firm has a market capitalization of $30.89 billion, a P/E ratio of 14.46 and a beta of 0.73. The company’s 50-day moving average is $64.90 and its 200 day moving average is $60.08. iShares MSCI Emerging Markets ETF has a 1-year low of $46.15 and a 1-year high of $70.86.

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.