iShares MSCI Emerging Markets ETF $EEM Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,571,407 shares of the exchange traded fund’s stock after selling 115,901 shares during the period. iShares MSCI Emerging Markets ETF accounts for 0.8% of Greenleaf Trust’s portfolio, making the stock its 10th biggest position. Greenleaf Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $83,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tompkins Financial Corp purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter worth approximately $26,000. Maseco LLP purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $37,000. Traub Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $34,000. Finally, Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $56.86 on Tuesday. The company’s fifty day moving average price is $54.57 and its 200 day moving average price is $52.13. The stock has a market capitalization of $21.93 billion, a P/E 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 $56.86.

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.