Oppenheimer & Co. Inc. Sells 57,926 Shares of iShares MSCI Emerging Markets ETF $EEM

Oppenheimer & Co. Inc. decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,315 shares of the exchange traded fund’s stock after selling 57,926 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,902,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EEM. Brighton Jones LLC raised its holdings in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares in the last quarter. AQR Capital Management LLC raised its holdings in iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after purchasing an additional 9,437 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth $3,957,000. Gamco Investors INC. ET AL bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth $462,000. Finally, Quantinno Capital Management LP raised its holdings in iShares MSCI Emerging Markets ETF by 3.1% in the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $64.13 on Monday. The stock has a fifty day simple moving average of $59.72 and a two-hundred day simple moving average of $57.46. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a 12-month low of $44.52 and a 12-month high of $65.96.

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.