ERn Financial LLC Sells 9,278 Shares of iShares MSCI Emerging Markets ETF $EEM

ERn Financial LLC reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 26.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,355 shares of the exchange traded fund’s stock after selling 9,278 shares during the quarter. ERn Financial LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,407,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 212.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after acquiring an additional 3,149,813 shares during the last quarter. Corient Private Wealth LLC increased its stake in iShares MSCI Emerging Markets ETF by 206.0% in the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after purchasing an additional 2,181,269 shares during the period. Invesco Ltd. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $100,644,000. Bank of Nova Scotia lifted its position in shares of iShares MSCI Emerging Markets ETF by 314.6% during the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after purchasing an additional 1,700,100 shares during the last quarter. Finally, Bailard Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 670.9% during the second quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock valued at $91,385,000 after purchasing an additional 1,648,670 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $58.70 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $58.93. The firm’s 50-day moving average is $55.18 and its 200 day moving average is $52.95. The company has a market capitalization of $24.06 billion, a PE ratio of 14.46 and a beta of 0.64.

iShares MSCI Emerging Markets ETF Company 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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.