Bailard Inc. Reduces Stock Position in iShares MSCI Emerging Markets ETF $EEM

Bailard Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 86.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 247,725 shares of the exchange traded fund’s stock after selling 1,646,667 shares during the period. Bailard Inc. owned about 0.07% of iShares MSCI Emerging Markets ETF worth $13,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EEM. Brighton Jones LLC increased its position in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after acquiring an additional 1,940 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 13.3% during the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after purchasing an additional 9,437 shares during the period. Silver Oak Securities Incorporated purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $217,000. Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $3,554,000. Finally, Clear Harbor Asset Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 4.2% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 15,501 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 620 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 1.0%

EEM opened at $57.31 on Wednesday. The company’s 50 day moving average is $55.05 and its 200 day moving average is $52.87. The company has a market cap of $23.49 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $58.38.

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.