Focus Financial Network Inc. Lowers Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Focus Financial Network Inc. lessened its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 5,391 shares of the exchange traded fund’s stock after selling 790 shares during the period. Focus Financial Network Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockland Trust Co. grew its holdings in iShares MSCI Emerging Markets ETF by 0.8% in the fourth quarter. Rockland Trust Co. now owns 32,226 shares of the exchange traded fund’s stock worth $1,348,000 after purchasing an additional 260 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 3.1% in the 4th quarter. Sax Wealth Advisors LLC now owns 9,080 shares of the exchange traded fund’s stock worth $380,000 after purchasing an additional 276 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its stake in iShares MSCI Emerging Markets ETF by 1.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 24,497 shares of the exchange traded fund’s stock worth $1,123,000 after buying an additional 279 shares during the last quarter. Griffin Asset Management Inc. increased its position in iShares MSCI Emerging Markets ETF by 5.1% during the 4th quarter. Griffin Asset Management Inc. now owns 5,726 shares of the exchange traded fund’s stock valued at $239,000 after buying an additional 279 shares in the last quarter. Finally, Truefg LLC raised its stake in iShares MSCI Emerging Markets ETF by 7.1% in the fourth quarter. Truefg LLC now owns 4,987 shares of the exchange traded fund’s stock valued at $209,000 after buying an additional 331 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $44.41 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The stock’s 50-day simple moving average is $42.66 and its 200-day simple moving average is $43.47.

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).