Lyell Wealth Management LP Sells 649 Shares of iShares MSCI Emerging Markets ETF $EEM

Lyell Wealth Management LP trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,131 shares of the exchange traded fund’s stock after selling 649 shares during the period. Lyell Wealth Management LP’s holdings in iShares MSCI Emerging Markets ETF were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $26,000. Maseco LLP purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $27,000. Golden State Wealth Management LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 352 shares during the last quarter. Hemington Wealth Management purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $34,000. Finally, Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $35,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $54.18 on Monday. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The firm has a 50-day simple moving average of $51.89 and a two-hundred day simple moving average of $48.14. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $54.69.

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).