iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Telemus Capital LLC

Telemus Capital LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 15.0% in the fourth quarter, Holdings Channel reports. The firm owned 51,396 shares of the exchange traded fund’s stock after selling 9,063 shares during the period. Telemus Capital LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,067,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EEM. TFB Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $278,000. Evergreen Capital Management LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 3.1% during the third quarter. Evergreen Capital Management LLC now owns 36,552 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 1,100 shares during the last quarter. Allworth Financial LP increased its holdings in iShares MSCI Emerging Markets ETF by 2.5% in the 3rd quarter. Allworth Financial LP now owns 34,654 shares of the exchange traded fund’s stock valued at $1,315,000 after purchasing an additional 843 shares during the last quarter. Clearstead Advisors LLC lifted its stake in iShares MSCI Emerging Markets ETF by 3.4% during the third quarter. Clearstead Advisors LLC now owns 53,582 shares of the exchange traded fund’s stock worth $2,033,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Burns J W & Co. Inc. NY acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth about $205,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA EEM traded up $0.23 during trading on Monday, hitting $39.94. The stock had a trading volume of 6,629,076 shares, compared to its average volume of 28,987,381. The firm has a 50 day moving average price of $40.62 and a 200 day moving average price of $39.43. iShares MSCI Emerging Markets ETF has a twelve month low of $36.38 and a twelve month high of $42.00.

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).