iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by SP Asset Management LLC

SP Asset Management LLC cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 25.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,261 shares of the exchange traded fund’s stock after selling 12,813 shares during the period. SP Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. DRW Securities LLC grew its position in iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after acquiring an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $105,980,000. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at $67,244,000. Erste Asset Management GmbH bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $29,856,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $17,112,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 3.0 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $44.48 on Thursday. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The stock has a market capitalization of $16.47 billion, a P/E ratio of 14.53 and a beta of 0.70. The stock has a 50 day moving average price of $42.92 and a two-hundred day moving average price of $43.70.

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).