iShares MSCI Emerging Markets ETF $EEM Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.2% during the second quarter, HoldingsChannel.com reports. The fund owned 42,074 shares of the exchange traded fund’s stock after selling 2,295 shares during the quarter. Foster & Motley Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EEM. Brighton Jones LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after acquiring an additional 1,940 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 0.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 39,425 shares of the exchange traded fund’s stock worth $1,723,000 after acquiring an additional 351 shares during the period. Carret Asset Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 5.9% in the 1st quarter. Carret Asset Management LLC now owns 22,311 shares of the exchange traded fund’s stock worth $975,000 after acquiring an additional 1,243 shares during the period. Foundation Wealth Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1.1% in the 1st quarter. Foundation Wealth Management LLC now owns 68,097 shares of the exchange traded fund’s stock worth $2,976,000 after acquiring an additional 732 shares during the period. Finally, Amarillo National Bank grew its holdings in shares of iShares MSCI Emerging Markets ETF by 698.5% in the 1st quarter. Amarillo National Bank now owns 547,680 shares of the exchange traded fund’s stock worth $23,934,000 after acquiring an additional 479,088 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $54.18 on Friday. The stock has a fifty day moving average of $51.89 and a two-hundred day moving average of $48.10. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $54.69.

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).