iShares MSCI Emerging Markets ETF $EEM Shares Sold by Cadence Wealth Management LLC

Cadence Wealth Management LLC cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 51.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,248 shares of the exchange traded fund’s stock after selling 7,754 shares during the period. Cadence Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $407,231,000. Mariner LLC lifted its position in iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after acquiring an additional 447,010 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after acquiring an additional 313,978 shares in the last quarter. National Bank of Canada FI lifted its position in iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after acquiring an additional 1,969,944 shares in the last quarter. Finally, Duquesne Family Office LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $101,460,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $65.88 on Friday. The stock’s 50 day moving average price is $61.37 and its 200 day moving average price is $58.55. The firm has a market capitalization of $29.17 billion, a PE ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a one year low of $45.23 and a one year high of $68.15.

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.