Wellington Management Group LLP Reduces Stake in iShares MSCI Emerging Markets ETF $EEM

Wellington Management Group LLP reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,373 shares of the exchange traded fund’s stock after selling 5,982 shares during the period. Wellington Management Group LLP’s holdings in iShares MSCI Emerging Markets ETF were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EEM. Elequin Capital LP purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth $28,000. Golden State Wealth Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 352 shares during the last quarter. Copia Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth $33,000. Dunhill Financial LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 589.6% in the 1st quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 796 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth $41,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA EEM opened at $49.86 on Friday. The company has a market capitalization of $18.96 billion, a PE ratio of 14.46 and a beta of 0.74. The business’s fifty day moving average is $49.09 and its 200 day moving average is $46.05. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $50.67.

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).