iShares MSCI Emerging Markets ETF $EEM Stake Lessened by North Star Investment Management Corp.

North Star Investment Management Corp. lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 87.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,706 shares of the exchange traded fund’s stock after selling 68,557 shares during the quarter. North Star Investment Management Corp.’s holdings in iShares MSCI Emerging Markets ETF were worth $648,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EEM. XP Advisory US Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $566,000. IFP Advisors Inc raised its holdings in shares of iShares MSCI Emerging Markets ETF by 233.9% in the 2nd quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after purchasing an additional 72,758 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth $17,116,000. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after purchasing an additional 228,966 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth $4,789,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 1.3%

Shares of EEM stock opened at $62.72 on Friday. The firm has a fifty day moving average price of $66.23 and a 200 day moving average price of $63.80. The company has a market cap of $29.07 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57.

iShares MSCI Emerging Markets ETF Company 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.