iShares MSCI Emerging Markets ETF $EEM Shares Sold by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,150,856 shares of the exchange traded fund’s stock after selling 39,294 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 3.0% of Halbert Hargrove Global Advisors LLC’s holdings, making the stock its 11th biggest holding. Halbert Hargrove Global Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $61,456,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tompkins Financial Corp purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $26,000. Maseco LLP purchased a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $27,000. Hemington Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $34,000. Traub Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at about $34,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $35,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.7%

Shares of NYSEARCA EEM opened at $54.80 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31. The business’s 50 day moving average price is $54.51 and its 200 day moving average price is $51.73. The firm has a market cap of $20.84 billion, a P/E ratio of 14.46 and a beta of 0.64.

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.