Palumbo Wealth Management LLC Cuts Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Palumbo Wealth Management LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,810 shares of the exchange traded fund’s stock after selling 2,138 shares during the quarter. Palumbo Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $285,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of EEM. SeaCrest Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $255,000. Richard W. Paul & Associates LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.4% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 60,200 shares of the exchange traded fund’s stock valued at $2,761,000 after buying an additional 844 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 5.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 22,816 shares of the exchange traded fund’s stock valued at $1,046,000 after buying an additional 1,208 shares during the period. Sage Financial Management Group Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $293,000. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 14.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 16,704 shares of the exchange traded fund’s stock valued at $766,000 after buying an additional 2,073 shares during the period. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.8 %

Shares of NYSEARCA:EEM opened at $44.41 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The business’s 50-day simple moving average is $42.67 and its 200 day simple moving average is $43.49.

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).