Endowment Wealth Management Inc. Reduces Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Endowment Wealth Management Inc. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 78.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,995 shares of the exchange traded fund’s stock after selling 32,660 shares during the period. Endowment Wealth Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $492,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EEM. BTG Pactual Asset Management US LLC increased its stake in iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $31,000. Woodside Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $33,000. Accredited Wealth Management LLC increased its stake in iShares MSCI Emerging Markets ETF by 42.7% in the third quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 206 shares during the last quarter. Finally, Painted Porch Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $37,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 3.8%

Shares of iShares MSCI Emerging Markets ETF stock opened at $68.40 on Wednesday. The firm has a market capitalization of $30.29 billion, a P/E ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a 52 week low of $45.23 and a 52 week high of $68.50. The firm’s 50 day moving average is $61.78 and its two-hundred day moving average is $58.75.

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.