GLOBALT Investments LLC GA Decreases Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

GLOBALT Investments LLC GA reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 7.5% in the third quarter, HoldingsChannel.com reports. The firm owned 190,315 shares of the exchange traded fund’s stock after selling 15,400 shares during the period. GLOBALT Investments LLC GA’s holdings in iShares MSCI Emerging Markets ETF were worth $10,163,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Tompkins Financial Corp bought a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $26,000. Maseco LLP purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $27,000. Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $34,000. Traub Capital Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $34,000. Finally, Gladwyn Financial Advisors Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth $35,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

NYSEARCA:EEM opened at $54.31 on Wednesday. The firm’s fifty day simple moving average is $54.48 and its 200 day simple moving average is $51.63. The stock has a market cap of $20.65 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $56.31.

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.