Everstar Asset Management LLC Lowers Stake in iShares MSCI Emerging Markets ETF $EEM

Everstar Asset Management LLC reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 36.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,015 shares of the exchange traded fund’s stock after selling 15,775 shares during the period. Everstar Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asempa Wealth Advisors purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $593,000. Bradley Foster & Sargent Inc. CT grew its position in iShares MSCI Emerging Markets ETF by 59.0% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock worth $2,795,000 after purchasing an additional 19,432 shares during the last quarter. Vawter Financial Ltd. purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $444,000. Capital Advisors Inc. OK purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $641,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in iShares MSCI Emerging Markets ETF by 92.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after purchasing an additional 110,888 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $65.07 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $45.23 and a 1 year high of $68.15. The company has a market capitalization of $28.81 billion, a P/E ratio of 14.46 and a beta of 0.71. The company’s fifty day moving average is $60.66 and its two-hundred day moving average is $58.21.

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.