Total Investment Management Inc. Lowers Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Total Investment Management Inc. decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,470,215 shares of the exchange traded fund’s stock after selling 15,638 shares during the period. iShares MSCI Emerging Markets ETF comprises about 7.6% of Total Investment Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Total Investment Management Inc. owned 0.33% of iShares MSCI Emerging Markets ETF worth $60,396,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $31,000. Cetera Trust Company N.A bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $32,000. Eagle Bay Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 430.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 807 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 655 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $34,000. Finally, FNY Investment Advisers LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.2 %

Shares of NYSEARCA EEM traded up $0.08 during trading on Friday, hitting $42.59. The company had a trading volume of 22,614,494 shares, compared to its average volume of 28,306,182. iShares MSCI Emerging Markets ETF has a 12 month low of $36.38 and a 12 month high of $43.87. The stock has a 50 day simple moving average of $42.33 and a 200 day simple moving average of $40.79.

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).