SP Asset Management LLC Has $1.60 Million Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SP Asset Management LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 25.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,261 shares of the exchange traded fund’s stock after selling 12,813 shares during the quarter. SP Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,600,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EEM. DRW Securities LLC raised its stake in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $105,980,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $67,244,000. Erste Asset Management GmbH bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $29,856,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $17,112,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $44.48 on Thursday. The stock’s fifty day moving average is $42.92 and its 200-day moving average is $43.70. The stock has a market capitalization of $16.47 billion, a PE ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 52 week low of $39.39 and a 52 week high of $47.44.

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).