Modern Wealth Management LLC Lowers Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Modern Wealth Management LLC lessened its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 96.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,165 shares of the exchange traded fund’s stock after selling 639,718 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,326,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EEM. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth $27,000. Jessup Wealth Management Inc purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $31,000. Finally, Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $63.33 on Friday. The stock has a market capitalization of $28.47 billion, a PE ratio of 14.46 and a beta of 0.72. The company has a fifty day moving average of $66.88 and a 200-day moving average of $62.53. iShares MSCI Emerging Markets ETF has a one year low of $47.98 and a one year high of $71.57.

About iShares MSCI Emerging Markets ETF

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.