Glaxis Capital Management LLC Sells 82,580 Shares of iShares MSCI Emerging Markets ETF $EEM

Glaxis Capital Management LLC lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 69.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,420 shares of the exchange traded fund’s stock after selling 82,580 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 3.2% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Glaxis Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,945,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of iShares MSCI Emerging Markets ETF by 369.7% during the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares in the last quarter. Richardson Capital Management LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $33,000. Traub Capital Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $34,000. Gladwyn Financial Advisors Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $37,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.4%

NYSEARCA EEM opened at $61.12 on Friday. The firm has a market capitalization of $27.86 billion, a P/E ratio of 14.46 and a beta of 0.64. The business has a fifty day simple moving average of $57.06 and a 200 day simple moving average of $54.21. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $61.90.

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). 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.