Tobias Financial Advisors Inc. Reduces Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Tobias Financial Advisors Inc. trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,386 shares of the exchange traded fund’s stock after selling 4,879 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 0.7% of Tobias Financial Advisors Inc.’s holdings, making the stock its 29th largest position. Tobias Financial Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EEM. Sei Investments Co. raised its position in iShares MSCI Emerging Markets ETF by 166.1% during the first quarter. Sei Investments Co. now owns 194,338 shares of the exchange traded fund’s stock worth $7,983,000 after acquiring an additional 121,314 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter worth $284,000. Diversified Trust Co raised its position in iShares MSCI Emerging Markets ETF by 25.6% in the 2nd quarter. Diversified Trust Co now owns 10,972 shares of the exchange traded fund’s stock valued at $467,000 after purchasing an additional 2,235 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in iShares MSCI Emerging Markets ETF by 28.6% in the second quarter. Mayflower Financial Advisors LLC now owns 16,403 shares of the exchange traded fund’s stock valued at $699,000 after acquiring an additional 3,648 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth $2,666,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 1.4 %

EEM opened at $45.35 on Wednesday. iShares MSCI Emerging Markets ETF has a one year low of $37.48 and a one year high of $47.44. The business’s 50-day simple moving average is $44.65 and its 200-day simple moving average is $43.32.

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).