Belpointe Asset Management LLC Sells 6,039 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Belpointe Asset Management LLC trimmed its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,048 shares of the exchange traded fund’s stock after selling 6,039 shares during the period. Belpointe Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pillar Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $28,000. Compass Planning Associates Inc bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth $36,000. Creative Capital Management Investments LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $38,000. Atmos Advisory LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $41,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $42.13 on Tuesday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $47.44. The firm has a market capitalization of $16.02 billion, a PE ratio of 14.53 and a beta of 0.63. The business’s 50-day simple moving average is $43.47 and its 200-day simple moving average is $43.62.

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).