Sage Mountain Advisors LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,202 shares of the exchange traded fund’s stock after selling 5,346 shares during the period. Sage Mountain Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $259,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Pillar Financial Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $28,000. Compass Planning Associates Inc bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $36,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $37,000. Creative Capital Management Investments LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $38,000. Finally, Atmos Advisory LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $40,000. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
EEM opened at $43.96 on Thursday. The company has a 50-day moving average of $43.10 and a 200-day moving average of $43.71. The company has a market capitalization of $16.28 billion, a P/E ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44.
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).
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