CIBC Private Wealth Group LLC Reduces Position in iShares MSCI Emerging Markets ETF $EEM

CIBC Private Wealth Group LLC decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,456 shares of the exchange traded fund’s stock after selling 19,057 shares during the period. CIBC Private Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $30,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 366 shares during the last quarter. BTG Pactual Asset Management US LLC increased its holdings in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 46,071 shares during the period. Richardson Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC raised its position in iShares MSCI Emerging Markets ETF by 42.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 206 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $57.62 on Friday. The stock has a market cap of $26.27 billion, a PE ratio of 14.46 and a beta of 0.64. The firm has a fifty day moving average price of $59.47 and a 200 day moving average price of $55.88. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $65.96.

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.