USA Financial Formulas Sells 1,135,587 Shares of iShares MSCI Emerging Markets ETF $EEM

USA Financial Formulas reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 95.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,962 shares of the exchange traded fund’s stock after selling 1,135,587 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 0.6% of USA Financial Formulas’ holdings, making the stock its 12th largest position. USA Financial Formulas’ holdings in iShares MSCI Emerging Markets ETF were worth $3,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares MSCI Emerging Markets ETF by 92.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock valued at $12,632,000 after acquiring an additional 110,888 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 53.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,799 shares of the exchange traded fund’s stock worth $1,685,000 after purchasing an additional 10,735 shares during the last quarter. PKO Investment Management Joint Stock Co raised its holdings in shares of iShares MSCI Emerging Markets ETF by 6.4% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 157,182 shares of the exchange traded fund’s stock worth $8,599,000 after purchasing an additional 9,458 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 30.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 91,589 shares of the exchange traded fund’s stock worth $5,011,000 after purchasing an additional 21,352 shares during the period. Finally, Erste Asset Management GmbH lifted its stake in iShares MSCI Emerging Markets ETF by 1.2% in the fourth quarter. Erste Asset Management GmbH now owns 759,519 shares of the exchange traded fund’s stock valued at $41,553,000 after purchasing an additional 8,700 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $66.61 on Friday. The company has a market capitalization of $29.94 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a fifty-two week low of $49.35 and a fifty-two week high of $71.57. The stock has a fifty day moving average of $66.09 and a 200-day moving average of $63.27.

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.