Roman Butler Fullerton & Co. Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

Roman Butler Fullerton & Co. trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 78.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,757 shares of the exchange traded fund’s stock after selling 41,742 shares during the period. Roman Butler Fullerton & Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EEM. Sonata Capital Group Inc. grew its stake in iShares MSCI Emerging Markets ETF by 7.9% in the 1st quarter. Sonata Capital Group Inc. now owns 22,916 shares of the exchange traded fund’s stock valued at $1,301,000 after acquiring an additional 1,681 shares during the period. Mosaic Family Wealth Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF during the first quarter worth $283,000. Ibex Wealth Advisors acquired a new position in iShares MSCI Emerging Markets ETF during the first quarter worth $429,000. Kestra Advisory Services LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 23.7% during the first quarter. Kestra Advisory Services LLC now owns 287,480 shares of the exchange traded fund’s stock valued at $16,326,000 after purchasing an additional 54,987 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its holdings in iShares MSCI Emerging Markets ETF by 159.2% during the first quarter. Money Concepts Capital Corp now owns 10,559 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 6,485 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.8%

Shares of NYSEARCA EEM opened at $66.78 on Friday. The firm has a market cap of $29.57 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The company’s 50-day simple moving average is $67.19 and its 200-day simple moving average is $61.81. iShares MSCI Emerging Markets ETF has a 52-week low of $47.98 and a 52-week high of $71.57.

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.