iShares MSCI Emerging Markets ETF $EEM Shares Sold by Brown Wealth Management LLC

Brown Wealth Management LLC trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,061 shares of the exchange traded fund’s stock after selling 5,025 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.4% of Brown Wealth Management LLC’s holdings, making the stock its 9th biggest position. Brown Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Traub Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $34,000. Wealthspire Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 12.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 109,466 shares of the exchange traded fund’s stock worth $5,281,000 after buying an additional 11,732 shares in the last quarter. Angeles Investment Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $55,000. Diversified Portfolios Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 6.8% in the second quarter. Diversified Portfolios Inc. now owns 11,721 shares of the exchange traded fund’s stock valued at $565,000 after acquiring an additional 750 shares in the last quarter. Finally, Nordwand Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 6,128.0% in the second quarter. Nordwand Advisors LLC now owns 41,665 shares of the exchange traded fund’s stock worth $2,010,000 after acquiring an additional 40,996 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $54.04 on Wednesday. The stock has a 50 day moving average price of $54.07 and a 200 day moving average price of $50.21. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $56.31. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

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).