Portland Global Advisors LLC Decreases Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Portland Global Advisors LLC lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.8% in the first quarter, Holdings Channel reports. The firm owned 177,325 shares of the exchange traded fund’s stock after selling 7,097 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 1.0% of Portland Global Advisors LLC’s investment portfolio, making the stock its 29th largest position. Portland Global Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EEM. Horan Capital Advisors LLC. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth approximately $213,000. Sterling Investment Advisors Ltd. boosted its stake in iShares MSCI Emerging Markets ETF by 73.0% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 19,545 shares of the exchange traded fund’s stock worth $854,000 after purchasing an additional 8,250 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $131,000. Texas Yale Capital Corp. raised its position in shares of iShares MSCI Emerging Markets ETF by 12.3% in the first quarter. Texas Yale Capital Corp. now owns 18,259 shares of the exchange traded fund’s stock valued at $798,000 after buying an additional 2,000 shares during the last quarter. Finally, Investment Management Corp VA ADV raised its position in shares of iShares MSCI Emerging Markets ETF by 8.1% in the first quarter. Investment Management Corp VA ADV now owns 15,749 shares of the exchange traded fund’s stock valued at $688,000 after buying an additional 1,181 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.3%

EEM opened at $49.51 on Monday. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $49.96. The firm has a market capitalization of $18.83 billion, a PE ratio of 14.46 and a beta of 0.74. The firm’s 50-day moving average price is $47.58 and its 200 day moving average price is $44.85.

iShares MSCI Emerging Markets ETF Company 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).