Saxony Capital Management LLC Sells 34,224 Shares of iShares MSCI Emerging Markets ETF $EEM

Saxony Capital Management LLC trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,275 shares of the exchange traded fund’s stock after selling 34,224 shares during the period. Saxony Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth $407,231,000. Corient Private Wealth LLC lifted its position in iShares MSCI Emerging Markets ETF by 206.0% during the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after purchasing an additional 2,181,269 shares during the last quarter. Mariner LLC lifted its position in iShares MSCI Emerging Markets ETF by 23.8% during the third quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock valued at $124,134,000 after purchasing an additional 447,010 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of iShares MSCI Emerging Markets ETF by 314.6% in the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after buying an additional 1,700,100 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth $100,644,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.8%

iShares MSCI Emerging Markets ETF stock opened at $54.75 on Tuesday. The company’s 50-day moving average price is $59.24 and its 200-day moving average price is $56.22. The company has a market cap of $24.96 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $65.96.

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.