HFG Advisors Inc. Lowers Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

HFG Advisors Inc. decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,893 shares of the exchange traded fund’s stock after selling 1,363 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 1.7% of HFG Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. HFG Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,961,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EEM. DRW Securities LLC lifted its stake in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after purchasing an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $105,980,000. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $29,856,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $19,822,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $17,112,000. 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 opened at $42.72 on Monday. The firm’s 50-day moving average price is $42.66 and its 200-day moving average price is $43.44. iShares MSCI Emerging Markets ETF has a 12-month low of $38.26 and a 12-month high of $47.44.

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).