Eldridge Investment Advisors Inc. Sells 1,610 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Eldridge Investment Advisors Inc. reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,713 shares of the exchange traded fund’s stock after selling 1,610 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pillar Financial Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Teachers Insurance & Annuity Association of America bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $37,000. Compass Planning Associates Inc bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $36,000. Creative Capital Management Investments LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $38,000. Finally, Atmos Advisory LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $40,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $44.58 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The firm’s 50 day simple moving average is $43.19 and its two-hundred day simple moving average is $43.72. The stock has a market capitalization of $16.89 billion, a P/E ratio of 14.88 and a beta of 0.72.

About iShares MSCI Emerging Markets ETF

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).