ERn Financial LLC Sells 9,278 Shares of iShares MSCI Emerging Markets ETF $EEM

ERn Financial LLC trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 26.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,355 shares of the exchange traded fund’s stock after selling 9,278 shares during the quarter. ERn Financial LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,407,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in iShares MSCI Emerging Markets ETF by 369.7% in the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares during the period. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $27,000. Hemington Wealth Management purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $34,000. Traub Capital Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.8%

Shares of EEM stock opened at $58.70 on Friday. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $58.93. The company’s 50 day moving average is $55.18 and its 200 day moving average is $52.95.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.