Magnus Financial Group LLC Decreases Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Magnus Financial Group LLC decreased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,073 shares of the exchange traded fund’s stock after selling 641 shares during the period. Magnus Financial Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. Teachers Insurance & Annuity Association of America purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at $37,000. Covenant Partners LLC lifted its stake 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 purchasing an additional 790 shares during the period. Atmos Advisory LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $40,000. Bristlecone Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $65,000. Finally, West Financial Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $65,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.0 %

EEM opened at $42.53 on Wednesday. The firm’s 50 day simple moving average is $42.76 and its two-hundred day simple moving average is $43.52. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year 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).