Ascent Group LLC has recently reduced its stake in the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 23.4% during the second quarter, as disclosed in its latest 13F filing with the Securities & Exchange Commission. Following the sale of 3,494 shares, the fund now holds 11,409 shares of the ETF, valued at approximately $550,000.
Other hedge funds have also made notable adjustments to their positions in the iShares MSCI Emerging Markets ETF. For instance, Tompkins Financial Corp acquired a new position during the second quarter, valued at around $26,000. Similarly, Maseco LLP purchased a new stake worth $27,000 during the same period. Golden State Wealth Management LLC significantly increased its holdings by 100.0% in the first quarter, now owning 704 shares valued at $31,000 after acquiring an additional 352 shares.
Dunhill Financial LLC made a substantial boost to its stake by 589.6% in the first quarter, bringing its total to 931 shares worth $41,000 after buying an additional 796 shares. Lastly, Smallwood Wealth Investment Management LLC also entered the fray by acquiring a new stake valued at $41,000 in the first quarter. Currently, hedge funds and other institutional investors own approximately 81.39% of the stock.
iShares MSCI Emerging Markets ETF Stock Performance
The iShares MSCI Emerging Markets ETF stock opened at $54.48 on Tuesday. Over the past year, the stock has seen a low of $38.19 and a high of $54.55. Its fifty-day moving average stands at $51.04, while the 200-day moving average is at $47.53. The ETF boasts a market capitalization of $20.72 billion, a PE ratio of 14.46, and a beta of 0.74.
About iShares MSCI Emerging Markets ETF
The iShares MSCI Emerging Markets ETF, formerly known as the iShares MSCI Emerging Markets Index Fund, aims to provide investment results that correspond closely to the price and yield performance of publicly traded equity securities in global emerging markets, as tracked by the MSCI Emerging Markets Index.
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