Ramiah Investment Group Sells 46,589 Shares of iShares MSCI Emerging Markets ETF $EEM

Ramiah Investment Group decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 81.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,803 shares of the exchange traded fund’s stock after selling 46,589 shares during the period. iShares MSCI Emerging Markets ETF comprises approximately 0.5% of Ramiah Investment Group’s investment portfolio, making the stock its 26th biggest holding. Ramiah Investment Group’s holdings in iShares MSCI Emerging Markets ETF were worth $614,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at $27,000. BTG Pactual Asset Management US LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd 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 last quarter. Finally, Elevated Capital Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $31,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $64.09 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $47.98 and a one year high of $71.57. The stock has a market cap of $28.81 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The company has a fifty day moving average price of $66.64 and a two-hundred day moving average price of $62.73.

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.