Lee Danner & Bass Inc. decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,910 shares of the exchange traded fund’s stock after selling 450 shares during the quarter. Lee Danner & Bass Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,569,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Elequin Capital LP acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Pillar Financial Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Golden State Wealth Management LLC raised its position in iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 352 shares during the last quarter. Navigoe LLC bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $30,000. Finally, Copia Wealth Management bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $33,000. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA EEM opened at $48.76 on Friday. The company has a 50 day simple moving average of $46.41 and a 200 day simple moving average of $44.12. The firm has a market cap of $18.54 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $48.80.
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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