Moors & Cabot Inc. Reduces Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Moors & Cabot Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,875 shares of the exchange traded fund’s stock after selling 675 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth $32,000. Covenant Partners LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 3,291.7% in the 3rd quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 790 shares in the last quarter. Jamison Private Wealth Management Inc. raised its holdings in iShares MSCI Emerging Markets ETF by 836.5% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 974 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 870 shares during the period. Finally, Clean Yield Group purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at $43,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $43.28 on Monday. The stock has a 50-day simple moving average of $44.94 and a two-hundred day simple moving average of $43.53. iShares MSCI Emerging Markets ETF has a 52-week low of $37.48 and a 52-week high of $47.44.

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).