Banque Pictet & Cie SA Reduces Position in iShares MSCI Emerging Markets ETF $EEM

Banque Pictet & Cie SA trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,479 shares of the exchange traded fund’s stock after selling 9,387 shares during the period. Banque Pictet & Cie SA owned 0.05% of iShares MSCI Emerging Markets ETF worth $11,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 366 shares during the last quarter. BTG Pactual Asset Management US LLC lifted its stake in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Richardson Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 42.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 206 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $37,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $57.23 on Thursday. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $65.96. The stock has a market cap of $26.09 billion, a PE ratio of 14.46 and a beta of 0.64. The stock has a 50 day moving average price of $59.20 and a 200 day moving average price of $56.26.

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). 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.