iShares MSCI Emerging Markets ETF $EEM Shares Sold by FFT Wealth Management LLC

FFT Wealth Management LLC lessened its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 38.3% in the 4th quarter, Holdings Channel reports. The firm owned 107,992 shares of the exchange traded fund’s stock after selling 67,046 shares during the period. iShares MSCI Emerging Markets ETF accounts for 1.1% of FFT Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. FFT Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,908,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $407,231,000. Mariner LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after purchasing an additional 313,978 shares during the last quarter. National Bank of Canada FI raised its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after purchasing an additional 1,969,944 shares during the last quarter. Finally, Duquesne Family Office LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $101,460,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $65.88 on Monday. iShares MSCI Emerging Markets ETF has a twelve month low of $45.23 and a twelve month high of $68.15. The company has a 50-day moving average price of $61.37 and a 200 day moving average price of $58.57. The company has a market cap of $29.17 billion, a PE ratio of 14.46 and a beta of 0.71.

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.