HM Payson & Co. Sells 345 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

HM Payson & Co. trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,483 shares of the exchange traded fund’s stock after selling 345 shares during the period. HM Payson & Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC grew its stake in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after purchasing an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $105,980,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $67,244,000. Erste Asset Management GmbH purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $29,856,000. Finally, Flow Traders U.S. LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $17,112,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $44.42 on Monday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The stock has a market cap of $16.45 billion, a PE ratio of 14.53 and a beta of 0.70. The firm has a 50 day simple moving average of $42.99 and a two-hundred day simple moving average of $43.71.

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).