Ballentine Partners LLC Decreases Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Ballentine Partners LLC lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,664 shares of the exchange traded fund’s stock after selling 249 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 0.4% of Ballentine Partners LLC’s holdings, making the stock its 29th largest holding. Ballentine Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $9,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EEM. Pacer Advisors Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth $26,000. Kavar Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth $30,000. Vista Private Wealth Partners. LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth $37,000. Bay Harbor Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 63.8% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 1,073 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 418 shares in the last quarter. Finally, Dividend Assets Capital LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth $63,000.

EEM stock traded up $0.38 during mid-day trading on Monday, hitting $42.36. The company had a trading volume of 38,455,018 shares, compared to its average volume of 66,431,117. iShares MSCI Emerging Markets ETF has a 12-month low of $37.58 and a 12-month high of $44.84. The company has a 50-day moving average price of $41.19 and a 200 day moving average price of $41.81.

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).

See Also: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

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