Institute for Wealth Management LLC. Sells 296 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Institute for Wealth Management LLC. lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,909 shares of the exchange traded fund’s stock after selling 296 shares during the period. Institute for Wealth Management LLC.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,213,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EEM. DRW Securities LLC lifted its position in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after purchasing an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $105,980,000. Erste Asset Management GmbH bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $29,856,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $19,822,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $17,112,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $43.21 on Friday. The firm’s fifty day moving average is $42.68 and its 200 day moving average is $43.46. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.26 and a fifty-two week high of $47.44.

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).