iShares MSCI Emerging Markets ETF $EEM Shares Sold by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,932 shares of the exchange traded fund’s stock after selling 15,099 shares during the period. iShares MSCI Emerging Markets ETF comprises about 1.0% of Parr Mcknight Wealth Management Group LLC’s holdings, making the stock its 25th largest position. Parr Mcknight Wealth Management Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,379,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $31,000. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $31,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $66.90 on Monday. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The firm has a 50 day simple moving average of $67.27 and a 200-day simple moving average of $61.90.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.