Cadence Wealth Management LLC Sells 11,110 Shares of iShares MSCI Emerging Markets ETF $EEM
by Mitch Edgeman · The Markets DailyCadence Wealth Management LLC lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 41.3% during the second quarter, Holdings Channel.com reports. The firm owned 15,762 shares of the exchange traded fund’s stock after selling 11,110 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 0.5% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Cadence Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $760,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of EEM. Tompkins Financial Corp bought a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth $26,000. Maseco LLP acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at about $27,000. Hemington Wealth Management bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Traub Capital Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Finally, Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $35,000. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
NYSEARCA:EEM opened at $53.11 on Friday. The company has a market capitalization of $20.20 billion, a PE ratio of 14.46 and a beta of 0.64. The company has a 50 day simple moving average of $54.14 and a two-hundred day simple moving average of $50.25. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $56.31.
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).
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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).