iShares MSCI Emerging Markets ETF $EEM Shares Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 55.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,064 shares of the exchange traded fund’s stock after selling 57,752 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Bancorp Inc ME purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $37,000. MADDEN SECURITIES Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $27,000. Balance Wealth Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $28,000. Financial Management Professionals Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $29,000. Finally, Curry Webb Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $58.05 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57. The firm has a 50 day moving average price of $65.60 and a 200 day moving average price of $63.87. The company has a market cap of $26.91 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77.

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.