iShares MSCI Emerging Markets ETF $EEM Stock: Legacy Wealth Partners LLC Decreases Position

Legacy Wealth Partners LLC lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 30.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 132,207 shares of the exchange traded fund’s stock after selling 57,401 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 1.9% of Legacy Wealth Partners LLC’s portfolio, making the stock its 12th largest holding. Legacy Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $8,830,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Merchants Corp acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $2,612,000. AdvisorNet Financial Inc purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $285,000. Community Trust & Investment Co. purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $214,000. Ninety One SA Pty Ltd purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $6,873,000. Finally, Nvwm LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 7.9% during the third quarter. Nvwm LLC now owns 73,375 shares of the exchange traded fund’s stock worth $4,901,000 after purchasing an additional 5,402 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $63.96 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The stock’s 50-day moving average is $66.95 and its two-hundred day moving average is $65.67. The stock has a market cap of $29.65 billion, a PE ratio of 14.46 and a beta of 0.74.

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.