iShares MSCI Emerging Markets ETF $EEM Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 411,470 shares of the exchange traded fund’s stock after selling 14,134 shares during the quarter. Cibc World Market Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $22,512,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. BTG Pactual Asset Management US LLC raised its stake in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the period. Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $31,000. Woodside Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $33,000. Finally, Accredited Wealth Management LLC raised its stake in iShares MSCI Emerging Markets ETF by 42.7% during the third quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 206 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $64.59 on Friday. The firm’s 50-day moving average is $63.60 and its two-hundred day moving average is $59.48. iShares MSCI Emerging Markets ETF has a 12 month low of $46.15 and a 12 month high of $70.86. The company has a market capitalization of $28.60 billion, a PE ratio of 14.46 and a beta of 0.73.

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.