iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,532 shares of the exchange traded fund’s stock after selling 2,293 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares MSCI Emerging Markets ETF were worth $691,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pillar Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $37,000. Compass Planning Associates Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $36,000. Creative Capital Management Investments LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $38,000. Finally, Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $44.58 on Monday. The firm has a market cap of $16.89 billion, a P/E ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The stock has a 50-day simple moving average of $43.19 and a 200-day simple moving average of $43.72.

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).