iShares MSCI Emerging Markets ETF $EEM Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC cut its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 96.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,165 shares of the exchange traded fund’s stock after selling 639,718 shares during the period. Modern Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,326,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at about $27,000. Jessup Wealth Management Inc purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $31,000. Finally, Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 2.0%

EEM opened at $63.33 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57. The business’s 50 day moving average is $66.88 and its two-hundred day moving average is $62.53. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72.

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.