Crestone Asset Management LLC Reduces Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Crestone Asset Management LLC decreased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,174 shares of the exchange traded fund’s stock after selling 56,026 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 0.6% of Crestone Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Crestone Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EEM. Anchor Investment Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $31,000. Cetera Trust Company N.A purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $32,000. DiNuzzo Private Wealth Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $34,000. FNY Investment Advisers LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $40,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $48,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.0 %

Shares of EEM stock traded up $0.01 during trading on Wednesday, reaching $42.28. The company’s stock had a trading volume of 18,933,660 shares, compared to its average volume of 28,948,588. iShares MSCI Emerging Markets ETF has a 1-year low of $36.38 and a 1-year high of $42.54. The stock’s 50-day moving average price is $40.92 and its 200 day moving average price is $39.73.

iShares MSCI Emerging Markets ETF 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).