Brown Brothers Harriman & Co. Sells 2,306 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Brown Brothers Harriman & Co. decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,688 shares of the exchange traded fund’s stock after selling 2,306 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in EEM. Shared Vision Wealth Group LLC boosted its stake in iShares MSCI Emerging Markets ETF by 3.7% in the 4th quarter. Shared Vision Wealth Group LLC now owns 7,165 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 256 shares during the period. Delap Wealth Advisory LLC grew its stake in iShares MSCI Emerging Markets ETF by 2.2% during the fourth quarter. Delap Wealth Advisory LLC now owns 12,117 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 257 shares in the last quarter. Rockland Trust Co. increased its holdings in iShares MSCI Emerging Markets ETF by 0.8% in the 4th quarter. Rockland Trust Co. now owns 32,226 shares of the exchange traded fund’s stock valued at $1,348,000 after acquiring an additional 260 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 13.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,229 shares of the exchange traded fund’s stock worth $93,000 after purchasing an additional 272 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 3.1% during the fourth quarter. Sax Wealth Advisors LLC now owns 9,080 shares of the exchange traded fund’s stock valued at $380,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $43.70 on Tuesday. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The stock’s 50 day simple moving average is $43.83 and its two-hundred day simple moving average is $43.88. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year 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).