Bridgewater Advisors Inc. Lowers Holdings in iShares MSCI Emerging Markets ETF $EEM

Bridgewater Advisors Inc. lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 57.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,806 shares of the exchange traded fund’s stock after selling 9,265 shares during the quarter. Bridgewater Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $387,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter valued at $27,000. BTG Pactual Asset Management US LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $63.33 on Monday. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The business has a fifty day simple moving average of $66.88 and a 200-day simple moving average of $62.57. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57.

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.