First Foundation Advisors Cuts Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

First Foundation Advisors trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 50,540 shares of the exchange traded fund’s stock after selling 5,166 shares during the period. First Foundation Advisors’ holdings in iShares MSCI Emerging Markets ETF were worth $2,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Woodmont Investment Counsel LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at about $27,000. Eagle Bay Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 430.9% during the fourth quarter. Eagle Bay Advisors LLC now owns 807 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 655 shares during the period. Innealta Capital LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $32,000. Jamison Private Wealth Management Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 836.5% in the second quarter. Jamison Private Wealth Management Inc. now owns 974 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 870 shares during the last quarter. Finally, Clean Yield Group purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $43,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 1.8 %

NYSEARCA:EEM opened at $41.78 on Monday. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week high of $44.64. The company has a fifty day moving average of $42.89 and a 200 day moving average of $42.07.

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).