Gemsstock Ltd. Cuts Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Gemsstock Ltd. reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,000 shares of the exchange traded fund’s stock after selling 29,522 shares during the period. iShares MSCI Emerging Markets ETF comprises about 0.7% of Gemsstock Ltd.’s portfolio, making the stock its 15th biggest holding. Gemsstock Ltd.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 366 shares in the last quarter. Richardson Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $33,000. Traub Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $34,000. Heartwood Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $37,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $62.71 on Friday. The stock has a market capitalization of $28.59 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $63.43. The business has a 50 day simple moving average of $58.48 and a 200-day simple moving average of $54.99.

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.