iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 56.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,011 shares of the exchange traded fund’s stock after selling 15,314 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares MSCI Emerging Markets ETF were worth $493,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Coastline Trust Co lifted its holdings in iShares MSCI Emerging Markets ETF by 14.9% in the third quarter. Coastline Trust Co now owns 12,722 shares of the exchange traded fund’s stock valued at $483,000 after acquiring an additional 1,653 shares during the period. Simplicity Solutions LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $312,000. Baron Financial Group LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 0.8% in the third quarter. Baron Financial Group LLC now owns 104,199 shares of the exchange traded fund’s stock valued at $3,954,000 after acquiring an additional 835 shares during the period. Connecticut Wealth Management LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 23.4% in the third quarter. Connecticut Wealth Management LLC now owns 63,650 shares of the exchange traded fund’s stock valued at $2,416,000 after acquiring an additional 12,060 shares during the period. Finally, Oak Harbor Wealth Partners LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 36.5% in the third quarter. Oak Harbor Wealth Partners LLC now owns 16,721 shares of the exchange traded fund’s stock valued at $635,000 after acquiring an additional 4,468 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock traded up $0.47 during midday trading on Friday, reaching $41.17. The company’s stock had a trading volume of 24,407,721 shares, compared to its average volume of 26,690,216. iShares MSCI Emerging Markets ETF has a fifty-two week low of $36.38 and a fifty-two week high of $42.00. The stock’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $39.53.

About iShares MSCI Emerging Markets ETF

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).