J. Safra Sarasin Holding AG Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

J. Safra Sarasin Holding AG lowered its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 64.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,944 shares of the exchange traded fund’s stock after selling 27,502 shares during the period. J. Safra Sarasin Holding AG’s holdings in iShares MSCI Emerging Markets ETF were worth $849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asempa Wealth Advisors acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $593,000. Perigon Wealth Management LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 77.2% during the fourth quarter. Perigon Wealth Management LLC now owns 148,373 shares of the exchange traded fund’s stock worth $8,118,000 after purchasing an additional 64,618 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 92.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after purchasing an additional 110,888 shares during the period. Sollinda Capital Management LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 276.3% during the fourth quarter. Sollinda Capital Management LLC now owns 28,981 shares of the exchange traded fund’s stock worth $1,586,000 after purchasing an additional 21,280 shares during the period. Finally, Kelsey Financial LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $1,038,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $65.67 on Wednesday. The stock has a market capitalization of $29.08 billion, a P/E ratio of 14.46 and a beta of 0.72. The company’s fifty day moving average is $67.29 and its two-hundred day moving average is $62.05. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.

About iShares MSCI Emerging Markets ETF

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.