iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Stake Trimmed by Foundation Wealth Management LLC

Foundation Wealth Management LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,565 shares of the exchange traded fund’s stock after selling 2,566 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.4% of Foundation Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Foundation Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. OLD Mission Capital LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the first quarter worth $880,516,000. Bank of Montreal Can increased its holdings in iShares MSCI Emerging Markets ETF by 91.1% in the 2nd quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock worth $302,014,000 after acquiring an additional 3,382,010 shares during the last quarter. Jane Street Group LLC raised its stake in iShares MSCI Emerging Markets ETF by 15.2% in the 1st quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock valued at $1,017,805,000 after acquiring an additional 3,270,493 shares during the period. Nisa Investment Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $74,532,000. Finally, National Bank of Canada FI lifted its holdings in iShares MSCI Emerging Markets ETF by 503.4% during the first quarter. National Bank of Canada FI now owns 1,123,308 shares of the exchange traded fund’s stock valued at $47,740,000 after purchasing an additional 937,141 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM traded up $0.04 during trading hours on Friday, hitting $44.49. The company’s stock had a trading volume of 17,525,910 shares, compared to its average volume of 27,024,080. The business has a 50 day simple moving average of $44.59 and a two-hundred day simple moving average of $43.22. iShares MSCI Emerging Markets ETF has a 52-week low of $37.47 and a 52-week high of $47.44.

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).