iShares MSCI Emerging Markets ETF $EEM Shares Sold by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,805 shares of the exchange traded fund’s stock after selling 13,497 shares during the quarter. iShares MSCI Emerging Markets ETF comprises about 1.3% of Summit Wealth & Retirement Planning Inc.’s investment portfolio, making the stock its 17th largest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,863,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp bought a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $26,000. Maseco LLP acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. Hemington Wealth Management bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $34,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $35,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the first quarter worth approximately $44,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $54.55 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $56.31. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The business has a 50 day simple moving average of $53.42 and a 200 day simple moving average of $49.56.

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).