Cornerstone Wealth Group LLC Has $403,000 Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cornerstone Wealth Group LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,648 shares of the exchange traded fund’s stock after selling 952 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 5.8% during the 3rd quarter. Harbour Investments Inc. now owns 48,732 shares of the exchange traded fund’s stock valued at $2,235,000 after buying an additional 2,653 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 75.4% during the second quarter. AQR Capital Management LLC now owns 32,001 shares of the exchange traded fund’s stock worth $1,363,000 after acquiring an additional 13,761 shares in the last quarter. Endowment Wealth Management Inc. boosted its position in iShares MSCI Emerging Markets ETF by 19.0% during the third quarter. Endowment Wealth Management Inc. now owns 19,976 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 3,193 shares during the last quarter. Stevens Capital Management LP grew its stake in iShares MSCI Emerging Markets ETF by 10.0% in the third quarter. Stevens Capital Management LP now owns 200,753 shares of the exchange traded fund’s stock valued at $9,207,000 after purchasing an additional 18,192 shares in the last quarter. Finally, Harvest Investment Advisors LLC increased its position in iShares MSCI Emerging Markets ETF by 1.2% in the 3rd quarter. Harvest Investment Advisors LLC now owns 114,108 shares of the exchange traded fund’s stock worth $5,233,000 after purchasing an additional 1,300 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 Performance

NYSEARCA:EEM opened at $42.17 on Tuesday. The stock’s 50 day moving average price is $42.74 and its 200 day moving average price is $43.49. iShares MSCI Emerging Markets ETF has a 52 week low of $38.26 and a 52 week high of $47.44.

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).