Erste Asset Management GmbH Sells 202,400 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Erste Asset Management GmbH lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 448,618 shares of the exchange traded fund’s stock after selling 202,400 shares during the quarter. Erste Asset Management GmbH owned 0.12% of iShares MSCI Emerging Markets ETF worth $18,761,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 2.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 261,958 shares of the exchange traded fund’s stock valued at $10,955,000 after buying an additional 6,129 shares during the last quarter. Idaho Trust Bank grew its holdings in shares of iShares MSCI Emerging Markets ETF by 31.9% in the fourth quarter. Idaho Trust Bank now owns 7,346 shares of the exchange traded fund’s stock valued at $307,000 after acquiring an additional 1,778 shares in the last quarter. HighTower Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 6.7% during the fourth quarter. HighTower Advisors LLC now owns 1,125,460 shares of the exchange traded fund’s stock valued at $47,067,000 after acquiring an additional 71,016 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $1,214,000. Finally, Endowment Wealth Management Inc. boosted its position in iShares MSCI Emerging Markets ETF by 22.1% in the fourth quarter. Endowment Wealth Management Inc. now owns 24,400 shares of the exchange traded fund’s stock worth $1,020,000 after purchasing an additional 4,424 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 0.5 %

NYSEARCA EEM opened at $43.96 on Thursday. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The firm has a market cap of $16.28 billion, a P/E ratio of 14.53 and a beta of 0.70. The company’s 50 day moving average is $43.10 and its 200-day moving average is $43.71.

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).