iShares MSCI Emerging Markets ETF $EEM Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA lowered its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 206,479 shares of the exchange traded fund’s stock after selling 9,387 shares during the period. Banque Pictet & Cie SA’s holdings in iShares MSCI Emerging Markets ETF were worth $11,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after buying an additional 1,940 shares during the last quarter. AQR Capital Management LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after acquiring an additional 9,437 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $267,000. Arrowstreet Capital Limited Partnership purchased a new position in iShares MSCI Emerging Markets ETF in the second quarter worth approximately $3,957,000. Finally, Beacon Pointe Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 13.3% in the second quarter. Beacon Pointe Advisors LLC now owns 84,096 shares of the exchange traded fund’s stock worth $4,057,000 after acquiring an additional 9,847 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 0.8%

EEM stock opened at $57.23 on Thursday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $65.96. The stock has a market cap of $26.09 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The business has a fifty day moving average of $59.20 and a two-hundred day moving average of $56.26.

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). 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.