Baron Financial Group LLC Lowers Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Baron Financial Group LLC cut its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 98,314 shares of the exchange traded fund’s stock after selling 1,510 shares during the period. iShares MSCI Emerging Markets ETF comprises about 2.8% of Baron Financial Group LLC’s investment portfolio, making the stock its 11th largest holding. Baron Financial Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,509,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EEM. Fairscale Capital LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at about $26,000. Woodmont Investment Counsel LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $32,000. Jamison Private Wealth Management Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 836.5% during the second 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 in the last quarter. Finally, Clean Yield Group purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $43,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $45.92 on Friday. The firm has a 50 day moving average of $44.20 and a 200 day moving average of $42.94. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week 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).