Private Wealth Group LLC trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 73.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,960 shares of the exchange traded fund’s stock after selling 13,608 shares during the period. Private Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $217,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Pillar Financial Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $28,000. Elequin Capital LP purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $28,000. Navigoe LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $30,000. Copia Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $36,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
NYSEARCA EEM opened at $47.87 on Friday. The business has a 50 day moving average price of $44.49 and a 200 day moving average price of $43.67. The company has a market capitalization of $18.03 billion, a P/E ratio of 13.99 and a beta of 0.62. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $47.97.
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).
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