iShares MSCI Emerging Markets ETF $EEM Shares Sold by USA Financial Formulas

USA Financial Formulas decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,266,688 shares of the exchange traded fund’s stock after selling 139,974 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 11.9% of USA Financial Formulas’ portfolio, making the stock its 2nd largest holding. USA Financial Formulas’ holdings in iShares MSCI Emerging Markets ETF were worth $67,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tompkins Financial Corp acquired a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $26,000. Maseco LLP bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $37,000. Traub Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $34,000. Finally, Hemington Wealth Management bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth approximately $34,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $53.72 on Friday. The business has a 50 day moving average price of $54.44 and a two-hundred day moving average price of $51.50. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $56.31.

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.