Cibc World Market Inc. Lowers Stock Position in iShares MSCI Emerging Markets ETF $EEM

Cibc World Market Inc. cut its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,470 shares of the exchange traded fund’s stock after selling 14,134 shares during the period. Cibc World Market Inc. owned 0.09% of iShares MSCI Emerging Markets ETF worth $22,512,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $25,000. BTG Pactual Asset Management US LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $31,000. Woodside Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $33,000. Finally, Accredited Wealth Management LLC raised its position in shares of 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 purchasing an additional 206 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 6.5%

EEM opened at $64.59 on Friday. The company has a 50-day moving average price of $63.60 and a 200 day moving average price of $59.48. The company has a market cap of $28.60 billion, a PE ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a twelve month low of $46.15 and a twelve month high of $70.86.

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.