iShares MSCI Emerging Markets ETF $EEM Shares Sold by Connable Office Inc.

Connable Office Inc. lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 1,133,736 shares of the exchange traded fund’s stock after selling 20,169 shares during the period. iShares MSCI Emerging Markets ETF makes up about 5.6% of Connable Office Inc.’s holdings, making the stock its 3rd biggest position. Connable Office Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $60,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EEM. Clarity Wealth Advisors LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 12.0% during the third quarter. Clarity Wealth Advisors LLC now owns 174,748 shares of the exchange traded fund’s stock worth $9,332,000 after acquiring an additional 18,658 shares during the period. Allianz SE boosted its holdings in iShares MSCI Emerging Markets ETF by 2.9% in the 2nd quarter. Allianz SE now owns 374,750 shares of the exchange traded fund’s stock valued at $18,078,000 after purchasing an additional 10,656 shares in the last quarter. Allium Financial Advisors LLC increased its position in iShares MSCI Emerging Markets ETF by 108.0% during the 2nd quarter. Allium Financial Advisors LLC now owns 82,068 shares of the exchange traded fund’s stock worth $3,959,000 after purchasing an additional 42,613 shares during the period. Corient Private Wealth LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 206.0% during the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after buying an additional 2,181,269 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $1,672,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $61.56 on Thursday. The business’s fifty day moving average price is $56.81 and its 200 day moving average price is $54.05. The firm has a market capitalization of $28.06 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $61.63.

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.