Everstar Asset Management LLC Lowers Stock Position in iShares MSCI Emerging Markets ETF $EEM

Everstar Asset Management LLC lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 36.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,015 shares of the exchange traded fund’s stock after selling 15,775 shares during the quarter. Everstar Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EEM. Versant Capital Management Inc boosted its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 366 shares in the last quarter. BTG Pactual Asset Management US LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $31,000. Richardson Capital Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $33,000. Finally, Woodside Wealth Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 3.4%

Shares of EEM opened at $65.07 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $45.23 and a twelve month high of $68.15. The stock’s 50 day moving average is $60.66 and its two-hundred day moving average is $58.21. The firm has a market capitalization of $28.81 billion, a PE ratio of 14.46 and a beta of 0.71.

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.