iShares MSCI Emerging Markets ETF $EEM Position Cut by Barometer Capital Management Inc.

Barometer Capital Management Inc. trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 65.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,100 shares of the exchange traded fund’s stock after selling 7,800 shares during the quarter. Barometer Capital Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the first quarter valued at $27,000. BTG Pactual Asset Management US LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 2.8%

Shares of NYSEARCA EEM opened at $65.34 on Wednesday. The stock has a market cap of $28.93 billion, a P/E ratio of 14.46 and a beta of 0.72. The firm’s 50-day simple moving average is $67.01 and its 200 day simple moving average is $62.39. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.98 and a fifty-two week high of $71.57.

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). 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.