Envestnet Portfolio Solutions Inc. Sells 41,727 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Envestnet Portfolio Solutions Inc. cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 75.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,417 shares of the exchange traded fund’s stock after selling 41,727 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Pillar Financial Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $28,000. Elequin Capital LP bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $28,000. Navigoe LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $30,000. Copia Wealth Management bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $33,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $41,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $48.28 on Friday. The business has a 50-day simple moving average of $45.73 and a 200 day simple moving average of $43.92. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $48.36.

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).