Apollon Wealth Management LLC Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

Apollon Wealth Management LLC trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,929 shares of the exchange traded fund’s stock after selling 535 shares during the period. Apollon Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,781,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EEM. Brighton Jones LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after purchasing an additional 1,940 shares in the last quarter. CX Institutional acquired a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at $178,000. Dynamic Advisor Solutions LLC grew its holdings in iShares MSCI Emerging Markets ETF by 14.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 21,094 shares of the exchange traded fund’s stock valued at $922,000 after purchasing an additional 2,691 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in iShares MSCI Emerging Markets ETF by 220.8% during the 1st quarter. Hanson & Doremus Investment Management now owns 1,453 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Sowell Financial Services LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.3% during the 1st quarter. Sowell Financial Services LLC now owns 71,202 shares of the exchange traded fund’s stock valued at $3,112,000 after purchasing an additional 943 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 2.9%

EEM opened at $53.45 on Tuesday. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $54.69. The company has a fifty day simple moving average of $51.53 and a 200 day simple moving average of $47.85.

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).