Parsons Capital Management Inc. RI Sells 9,999 Shares of iShares MSCI Emerging Markets ETF $EEM

Parsons Capital Management Inc. RI lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 41.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,849 shares of the exchange traded fund’s stock after selling 9,999 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares MSCI Emerging Markets ETF were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Tompkins Financial Corp bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $26,000. Maseco LLP acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth $27,000. Golden State Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 352 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 589.6% during the first quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 796 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth $41,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.5%

Shares of NYSEARCA EEM opened at $54.07 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $54.35. The firm has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $47.37. The company has a market capitalization of $20.56 billion, a PE ratio of 14.46 and a beta of 0.74.

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).