iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) is Foundation Wealth Management LLC’s 9th Largest Position

Foundation Wealth Management LLC reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,565 shares of the exchange traded fund’s stock after selling 2,566 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 2.4% of Foundation Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Foundation Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,144,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $32,000. Covenant Partners LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 3,291.7% in the 3rd quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 790 shares during the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 836.5% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 974 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 870 shares during the last quarter. Finally, Clean Yield Group purchased a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter worth $43,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA EEM traded up $0.04 during trading on Friday, hitting $44.49. 17,525,910 shares of the company’s stock traded hands, compared to its average volume of 27,024,080. The stock has a fifty day moving average of $44.59 and a two-hundred day moving average of $43.22. iShares MSCI Emerging Markets ETF has a 12-month low of $37.47 and a 12-month high of $47.44.

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).