First City Capital Management Inc. Reduces Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

First City Capital Management Inc. lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.4% in the second quarter, HoldingsChannel reports. The firm owned 6,224 shares of the exchange traded fund’s stock after selling 2,843 shares during the period. First City Capital Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Summit Trail Advisors LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 4.2% in the second quarter. Summit Trail Advisors LLC now owns 156,340 shares of the exchange traded fund’s stock worth $6,659,000 after acquiring an additional 6,307 shares during the period. Chesapeake Wealth Management increased its holdings in iShares MSCI Emerging Markets ETF by 2.1% during the second quarter. Chesapeake Wealth Management now owns 16,661 shares of the exchange traded fund’s stock valued at $710,000 after buying an additional 346 shares during the last quarter. Thrivent Financial for Lutherans raised its position in iShares MSCI Emerging Markets ETF by 8.7% in the second quarter. Thrivent Financial for Lutherans now owns 169,530 shares of the exchange traded fund’s stock worth $7,220,000 after acquiring an additional 13,613 shares during the period. Pacer Advisors Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth $1,917,000. Finally, Bridges Investment Management Inc. increased its stake in shares of iShares MSCI Emerging Markets ETF by 25.8% in the 2nd quarter. Bridges Investment Management Inc. now owns 121,772 shares of the exchange traded fund’s stock worth $5,186,000 after purchasing an additional 25,009 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.2 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $43.69 on Friday. The stock’s fifty day moving average is $42.73 and its 200 day moving average is $42.23. iShares MSCI Emerging Markets ETF has a one year low of $36.38 and a one year high of $44.64.

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).