Saxony Capital Management LLC Lowers Stock Position in iShares MSCI Emerging Markets ETF $EEM

Saxony Capital Management LLC decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,499 shares of the exchange traded fund’s stock after selling 11,995 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 1.4% of Saxony Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Saxony Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,056,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tompkins Financial Corp acquired a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at $26,000. Maseco LLP acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $37,000. Traub Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $34,000. Finally, Hemington Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.8%

iShares MSCI Emerging Markets ETF stock opened at $56.24 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $56.31. The stock has a 50 day moving average of $54.54 and a two-hundred day moving average of $52.02. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

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). 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.