SlateStone Wealth LLC Has $294,000 Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SlateStone Wealth LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 80.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,041 shares of the exchange traded fund’s stock after selling 29,157 shares during the quarter. SlateStone Wealth LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EEM. Atria Investments Inc grew its position in shares of iShares MSCI Emerging Markets ETF by 10.0% in the 3rd quarter. Atria Investments Inc now owns 28,043 shares of the exchange traded fund’s stock valued at $1,286,000 after purchasing an additional 2,539 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of iShares MSCI Emerging Markets ETF by 4.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 165,227 shares of the exchange traded fund’s stock valued at $7,577,000 after purchasing an additional 6,376 shares during the period. Victory Capital Management Inc. grew its position in shares of iShares MSCI Emerging Markets ETF by 35.3% in the 3rd quarter. Victory Capital Management Inc. now owns 377,979 shares of the exchange traded fund’s stock valued at $17,334,000 after purchasing an additional 98,646 shares during the period. CIBC Asset Management Inc grew its position in shares of iShares MSCI Emerging Markets ETF by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 136,598 shares of the exchange traded fund’s stock valued at $6,264,000 after purchasing an additional 9,819 shares during the period. Finally, Coastline Trust Co grew its position in shares of iShares MSCI Emerging Markets ETF by 8.3% in the 3rd quarter. Coastline Trust Co now owns 9,137 shares of the exchange traded fund’s stock valued at $419,000 after purchasing an additional 700 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $44.58 on Monday. The stock has a 50 day simple moving average of $43.19 and a 200 day simple moving average of $43.72. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The firm has a market capitalization of $16.89 billion, a PE ratio of 14.88 and a beta of 0.72.

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).