iShares MSCI Emerging Markets ETF $EEM Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC cut its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 64,263 shares of the exchange traded fund’s stock after selling 2,582 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,100,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares in the last quarter. CWM LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 5.1% during the 1st quarter. CWM LLC now owns 38,984 shares of the exchange traded fund’s stock worth $1,704,000 after buying an additional 1,880 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth $204,000. Sigma Planning Corp boosted its position in shares of iShares MSCI Emerging Markets ETF by 86.7% in the 1st quarter. Sigma Planning Corp now owns 14,076 shares of the exchange traded fund’s stock worth $615,000 after buying an additional 6,535 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in iShares MSCI Emerging Markets ETF by 2.9% in the 1st quarter. Private Advisor Group LLC now owns 94,876 shares of the exchange traded fund’s stock valued at $4,146,000 after acquiring an additional 2,651 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.1%

NYSEARCA:EEM opened at $54.96 on Friday. The company has a market capitalization of $20.90 billion, a P/E ratio of 14.46 and a beta of 0.64. The firm has a 50-day moving average price of $53.95 and a two-hundred day moving average price of $50.03. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $56.31.

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).