Capital Investment Advisors LLC Cuts Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Capital Investment Advisors LLC decreased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,015 shares of the exchange traded fund’s stock after selling 638 shares during the quarter. Capital Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EWG Elevate Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 4.0% during the 4th quarter. EWG Elevate Inc. now owns 78,569 shares of the exchange traded fund’s stock valued at $3,286,000 after buying an additional 3,019 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $223,000. Farmers Trust Co. increased its position in shares of iShares MSCI Emerging Markets ETF by 18.5% during the 4th quarter. Farmers Trust Co. now owns 42,357 shares of the exchange traded fund’s stock valued at $1,771,000 after purchasing an additional 6,625 shares during the last quarter. Fulton Bank N.A. raised its holdings in iShares MSCI Emerging Markets ETF by 8.0% during the 4th quarter. Fulton Bank N.A. now owns 45,104 shares of the exchange traded fund’s stock valued at $1,886,000 after buying an additional 3,356 shares during the period. Finally, Innova Wealth Partners purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $1,962,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $41.27 on Wednesday. The company’s fifty day simple moving average is $43.01 and its 200-day simple moving average is $43.56. iShares MSCI Emerging Markets ETF has a twelve month low of $37.48 and a twelve month high of $47.44.

iShares MSCI Emerging Markets ETF Company 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).