Sigma Investment Counselors Inc. Lowers Holdings in iShares MSCI Emerging Markets ETF $EEM

Sigma Investment Counselors Inc. decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 30.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,594 shares of the exchange traded fund’s stock after selling 2,440 shares during the period. Sigma Investment Counselors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $270,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $26,000. Maseco LLP bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth approximately $27,000. Golden State Wealth Management LLC raised its stake in iShares MSCI Emerging Markets ETF by 100.0% in the first 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 in the last quarter. Hemington Wealth Management bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth approximately $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.0%

Shares of NYSEARCA:EEM opened at $54.18 on Monday. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.69. The firm has a 50 day moving average of $51.89 and a 200 day moving average of $48.14.

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).