City National Bank of Florida MSD Decreases Stake in iShares MSCI Emerging Markets ETF $EEM

City National Bank of Florida MSD reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,817 shares of the exchange traded fund’s stock after selling 10,228 shares during the period. City National Bank of Florida MSD’s holdings in iShares MSCI Emerging Markets ETF were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 5.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 169 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 2.9% in the fourth quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 184 shares in the last quarter. Vivaldi Capital Management LP lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Vivaldi Capital Management LP now owns 11,128 shares of the exchange traded fund’s stock worth $609,000 after buying an additional 186 shares in the last quarter. Fort Point Capital Partners LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 0.5% in the fourth quarter. Fort Point Capital Partners LLC now owns 41,671 shares of the exchange traded fund’s stock worth $2,421,000 after buying an additional 189 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 14,036 shares of the exchange traded fund’s stock worth $768,000 after buying an additional 195 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 0.1%

NYSEARCA:EEM opened at $68.56 on Thursday. The company has a market capitalization of $30.36 billion, a P/E ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 12 month low of $46.15 and a 12 month high of $70.86. The business’s 50-day moving average is $65.37 and its 200 day moving average is $60.28.

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.