Audent Global Asset Management LLC Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

Audent Global Asset Management LLC cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,313 shares of the exchange traded fund’s stock after selling 15,653 shares during the period. iShares MSCI Emerging Markets ETF makes up about 3.1% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Audent Global Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,971,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after acquiring an additional 1,940 shares during the period. AQR Capital Management LLC boosted its position in iShares MSCI Emerging Markets ETF by 13.3% during 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 purchasing an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $3,957,000. Gamco Investors INC. ET AL bought a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at about $462,000. Finally, Quantinno Capital Management LP boosted its position in iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $63.29 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $47.98 and a one year high of $71.57. The company has a market capitalization of $28.02 billion, a PE ratio of 14.46 and a beta of 0.72. The company’s fifty day moving average price is $67.11 and its 200 day moving average price is $62.20.

iShares MSCI Emerging Markets ETF Company 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.