Portland Global Advisors LLC Sells 19,458 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Portland Global Advisors LLC lowered its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,422 shares of the exchange traded fund’s stock after selling 19,458 shares during the quarter. iShares MSCI Emerging Markets ETF comprises about 1.0% of Portland Global Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Portland Global Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GM Advisory Group LLC raised its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 448 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $205,000. Jones Financial Companies Lllp lifted its holdings in iShares MSCI Emerging Markets ETF by 70.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 5,063 shares during the last quarter. Carret Asset Management LLC boosted its position in iShares MSCI Emerging Markets ETF by 4.2% during the fourth quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 857 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 472,612 shares of the exchange traded fund’s stock valued at $19,765,000 after purchasing an additional 94,633 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.9 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $43.77 on Friday. The firm has a fifty day simple moving average of $43.80 and a 200-day simple moving average of $43.86. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44.

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).