Ramiah Investment Group Sells 8,882 Shares of iShares MSCI Emerging Markets ETF $EEM

Ramiah Investment Group decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 13.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 57,392 shares of the exchange traded fund’s stock after selling 8,882 shares during the quarter. iShares MSCI Emerging Markets ETF accounts for 3.1% of Ramiah Investment Group’s investment portfolio, making the stock its 12th largest holding. Ramiah Investment Group’s holdings in iShares MSCI Emerging Markets ETF were worth $3,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clarity Wealth Advisors LLC raised its stake in iShares MSCI Emerging Markets ETF by 12.0% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 174,748 shares of the exchange traded fund’s stock worth $9,332,000 after acquiring an additional 18,658 shares during the period. Yeomans Consulting Group Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $15,713,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $1,672,000. Asempa Wealth Advisors bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $593,000. Finally, Ninety One North America Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $8,056,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $62.25 on Wednesday. The stock has a market cap of $27.56 billion, a P/E ratio of 14.46 and a beta of 0.66. iShares MSCI Emerging Markets ETF has a 1 year low of $42.34 and a 1 year high of $65.96. The firm’s 50 day moving average price is $59.42 and its 200-day moving average price is $56.98.

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.