Tiemann Investment Advisors LLC Sells 6,091 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Tiemann Investment Advisors LLC trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 15.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,890 shares of the exchange traded fund’s stock after selling 6,091 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DRW Securities LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. LPL Financial LLC grew its stake in iShares MSCI Emerging Markets ETF by 6.2% during the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 1.5% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after acquiring an additional 27,779 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $67,244,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $44.42 on Monday. The firm has a market capitalization of $16.45 billion, a P/E ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The company has a fifty day moving average price of $42.99 and a 200-day moving average price 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).