Adell Harriman & Carpenter Inc. Trims Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Adell Harriman & Carpenter Inc. lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 21.2% during the fourth quarter, HoldingsChannel reports. The firm owned 12,430 shares of the exchange traded fund’s stock after selling 3,349 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $500,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EEM. Anchor Investment Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $31,000. Cetera Trust Company N.A acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $32,000. FNY Investment Advisers LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $40,000. Wetzel Investment Advisors Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $48,000. Finally, GAMMA Investing LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.7 %

Shares of NYSEARCA EEM traded down $0.31 during trading on Tuesday, reaching $41.26. 5,045,878 shares of the stock were exchanged, compared to its average volume of 28,591,445. The business’s 50-day moving average price is $40.74 and its 200 day moving average price is $39.55. iShares MSCI Emerging Markets ETF has a twelve month low of $36.38 and a twelve month high of $42.00.

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).