Ramiah Investment Group Sells 8,882 Shares of iShares MSCI Emerging Markets ETF $EEM
by Danessa Lincoln · The Markets DailyRamiah Investment Group lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 13.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,392 shares of the exchange traded fund’s stock after selling 8,882 shares during the period. iShares MSCI Emerging Markets ETF comprises approximately 3.1% of Ramiah Investment Group’s holdings, making the stock its 12th biggest position. Ramiah Investment Group’s holdings in iShares MSCI Emerging Markets ETF were worth $3,140,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EEM. Versant Capital Management Inc lifted its stake in shares of iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 366 shares during the period. BTG Pactual Asset Management US LLC raised its stake in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 46,071 shares during the period. Elevated Capital Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $31,000. Richardson Capital Management LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC raised its stake in iShares MSCI Emerging Markets ETF by 42.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 206 shares during the period. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Down 1.5%
NYSEARCA EEM opened at $62.25 on Wednesday. iShares MSCI Emerging Markets ETF has a 12 month low of $42.34 and a 12 month high of $65.96. The stock has a market cap of $27.56 billion, a price-to-earnings ratio of 14.46 and a beta of 0.66. The company’s 50 day moving average is $59.42 and its two-hundred day moving average is $56.98.
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). 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.