Wernau Asset Management Inc. decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 26.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,440 shares of the exchange traded fund’s stock after selling 2,000 shares during the period. Wernau Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $262,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EEM. Tompkins Financial Corp acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $26,000. Maseco LLP purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter worth about $27,000. Traub Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Hemington Wealth Management acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $34,000. Finally, Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
Shares of EEM stock opened at $54.38 on Thursday. The firm has a market cap of $20.68 billion, a P/E ratio of 14.46 and a beta of 0.64. The firm’s 50 day moving average price is $54.12 and its 200-day moving average price is $50.23. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $56.31.
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).
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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
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