iShares MSCI Emerging Markets ETF $EEM Shares Sold by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 130,397 shares of the exchange traded fund’s stock after selling 12,015 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 3.6% of Horizon Bancorp Inc. IN’s investment portfolio, making the stock its 10th largest holding. Horizon Bancorp Inc. IN’s holdings in iShares MSCI Emerging Markets ETF were worth $7,405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $25,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter worth about $27,000. BTG Pactual Asset Management US LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 1.1%

EEM opened at $67.19 on Friday. The stock’s 50 day moving average price is $66.54 and its two-hundred day moving average price is $60.95. The firm has a market capitalization of $29.75 billion, a P/E ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 12-month low of $47.90 and a 12-month high of $71.57.

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.