Allstate Corp Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

Allstate Corp lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 494,175 shares of the exchange traded fund’s stock after selling 21,670 shares during the period. Allstate Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $27,036,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth $31,000. BTG Pactual Asset Management US LLC increased its stake 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 in the last quarter. Woodside Wealth Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth $33,000. Richardson Capital Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth $33,000. Finally, Mondrian Investment Partners LTD purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $65.88 on Tuesday. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $68.15. The firm has a market capitalization of $29.17 billion, a PE ratio of 14.46 and a beta of 0.71. The stock has a fifty day simple moving average of $61.55 and a two-hundred day simple moving average of $58.65.

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.