Turim 21 Investimentos Ltda. Lowers Holdings in iShares MSCI Emerging Markets ETF $EEM

Turim 21 Investimentos Ltda. trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 92.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 890 shares of the exchange traded fund’s stock after selling 11,733 shares during the period. Turim 21 Investimentos Ltda.’s holdings in iShares MSCI Emerging Markets ETF were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EEM. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $25,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 1st quarter valued at approximately $27,000. Jessup Wealth Management Inc acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $31,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $63.33 on Monday. iShares MSCI Emerging Markets ETF has a one year low of $47.98 and a one year high of $71.57. The firm’s fifty day moving average is $66.88 and its 200 day moving average is $62.57. The firm has a market cap of $28.47 billion, a PE ratio of 14.46 and a beta of 0.72.

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.