Brown Wealth Management LLC Decreases Stake in iShares MSCI Emerging Markets ETF $EEM

Brown Wealth Management LLC lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 65.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,930 shares of the exchange traded fund’s stock after selling 106,559 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 0.8% of Brown Wealth Management LLC’s portfolio, making the stock its 29th largest holding. Brown Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,115,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $407,231,000. Mariner LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after acquiring an additional 447,010 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after acquiring an additional 313,978 shares in the last quarter. National Bank of Canada FI raised its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after acquiring an additional 1,969,944 shares in the last quarter. Finally, Duquesne Family Office LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $101,460,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $64.26 on Wednesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $45.23 and a fifty-two week high of $68.15. The firm has a market capitalization of $28.45 billion, a PE ratio of 14.46 and a beta of 0.71. The stock’s 50-day simple moving average is $60.94 and its 200-day simple moving average is $58.35.

iShares MSCI Emerging Markets ETF Company 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.