Envestnet Asset Management Inc. Sells 18,686 Shares of iShares MSCI Emerging Markets ETF $EEM

Envestnet Asset Management Inc. lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,259,878 shares of the exchange traded fund’s stock after selling 18,686 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $120,677,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 13.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 70,237 shares of the exchange traded fund’s stock worth $3,751,000 after acquiring an additional 8,124 shares in the last quarter. Sollinda Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter worth about $411,000. Brown Wealth Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. Brown Wealth Management LLC now owns 163,489 shares of the exchange traded fund’s stock worth $8,730,000 after purchasing an additional 1,428 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $1,729,000. Finally, Money Concepts Capital Corp purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth approximately $201,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.6%

Shares of NYSEARCA EEM opened at $60.07 on Friday. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $60.95. The firm has a 50 day moving average of $56.41 and a 200 day moving average of $53.78.

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.