Chevy Chase Trust Holdings LLC Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

Chevy Chase Trust Holdings LLC cut its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,242 shares of the exchange traded fund’s stock after selling 395 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,121,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. grew its position in shares of iShares MSCI Emerging Markets ETF by 24.4% in the second quarter. Stratos Wealth Partners LTD. now owns 29,178 shares of the exchange traded fund’s stock valued at $1,408,000 after purchasing an additional 5,731 shares in the last quarter. Private Trust Co. NA boosted its stake in iShares MSCI Emerging Markets ETF by 16.5% during the second quarter. Private Trust Co. NA now owns 7,337 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 1,037 shares during the period. Sincerus Advisory LLC boosted its stake in iShares MSCI Emerging Markets ETF by 2.3% during the second quarter. Sincerus Advisory LLC now owns 37,016 shares of the exchange traded fund’s stock valued at $1,833,000 after buying an additional 840 shares during the period. Creekside Partners bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at $203,000. Finally, Evernest Financial Advisors LLC boosted its stake in iShares MSCI Emerging Markets ETF by 88.9% during the second quarter. Evernest Financial Advisors LLC now owns 10,315 shares of the exchange traded fund’s stock valued at $498,000 after buying an additional 4,855 shares during the period. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $54.31 on Wednesday. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $55.03. The stock has a fifty day moving average of $52.09 and a 200 day moving average of $48.28.

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).