Modera Wealth Management LLC Decreases Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Modera Wealth Management LLC lessened its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 89,268 shares of the exchange traded fund’s stock after selling 1,238 shares during the period. Modera Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth $353,000. GAMMA Investing LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $48,000. DDFG Inc purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $203,000. Kestra Private Wealth Services LLC raised its position in iShares MSCI Emerging Markets ETF by 11.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,775 shares of the exchange traded fund’s stock worth $1,036,000 after buying an additional 2,698 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 5.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 55,619 shares of the exchange traded fund’s stock valued at $2,236,000 after acquiring an additional 2,722 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM traded up $0.09 during trading on Friday, reaching $43.37. 29,410,966 shares of the company traded hands, compared to its average volume of 27,745,404. The firm has a 50 day simple moving average of $42.88 and a 200-day simple moving average of $41.92. iShares MSCI Emerging Markets ETF has a 52-week low of $36.38 and a 52-week high of $44.64.

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).