Endowment Wealth Management Inc. Cuts Position in iShares MSCI Emerging Markets ETF $EEM

Endowment Wealth Management Inc. trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 78.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,995 shares of the exchange traded fund’s stock after selling 32,660 shares during the period. Endowment Wealth Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $492,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EEM. BTG Pactual Asset Management US LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third 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. Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $31,000. Woodside Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $33,000. Accredited Wealth Management LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 42.7% during the third 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 period. Finally, Painted Porch Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $37,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $68.40 on Wednesday. The company’s 50 day moving average price is $61.78 and its 200 day moving average price is $58.75. iShares MSCI Emerging Markets ETF has a fifty-two week low of $45.23 and a fifty-two week high of $68.50. The firm has a market capitalization of $30.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71.

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.