Edge Capital Group LLC Reduces Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Edge Capital Group LLC lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 97.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,934 shares of the exchange traded fund’s stock after selling 65,387 shares during the period. Edge Capital Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EEM. Northwest Capital Management Inc boosted its stake in shares of iShares MSCI Emerging Markets ETF by 12.1% during the 4th quarter. Northwest Capital Management Inc now owns 5,138 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 556 shares in the last quarter. IFP Advisors Inc lifted its holdings in iShares MSCI Emerging Markets ETF by 7.6% in the fourth quarter. IFP Advisors Inc now owns 25,064 shares of the exchange traded fund’s stock worth $1,048,000 after buying an additional 1,760 shares during the period. Union Bancaire Privee UBP SA bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $5,325,000. KM Capital Management Ltd. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $667,000. Finally, Delap Wealth Advisory LLC raised its holdings in iShares MSCI Emerging Markets ETF by 2.2% in the fourth quarter. Delap Wealth Advisory LLC now owns 12,117 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 257 shares in the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $44.21 on Tuesday. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The firm has a 50-day moving average of $42.73 and a 200 day moving average of $43.65.

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).