Clal Insurance Enterprises Holdings Ltd Sells 529,000 Shares of iShares MSCI Emerging Markets ETF $EEM

Clal Insurance Enterprises Holdings Ltd lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,440,040 shares of the exchange traded fund’s stock after selling 529,000 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 1.5% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 13th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in iShares MSCI Emerging Markets ETF were worth $252,150,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the first quarter worth about $27,000. Jessup Wealth Management Inc bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth about $31,000. Finally, Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $31,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 2.8%

Shares of NYSEARCA EEM opened at $65.34 on Wednesday. The stock has a fifty day simple moving average of $67.01 and a two-hundred day simple moving average of $62.39. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The firm has a market cap of $28.93 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72.

About iShares MSCI Emerging Markets ETF

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.