Cetera Investment Advisers Cuts Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cetera Investment Advisers lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,813 shares of the exchange traded fund’s stock after selling 23,765 shares during the quarter. Cetera Investment Advisers’ holdings in iShares MSCI Emerging Markets ETF were worth $13,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Granite Bay Wealth Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $8,707,000. Newport Capital Group LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $1,067,000. Smith Thornton Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $209,000. Logan Stone Capital LLC bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $937,000. Finally, The Manufacturers Life Insurance Company boosted its position in iShares MSCI Emerging Markets ETF by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,498,674 shares of the exchange traded fund’s stock worth $63,829,000 after purchasing an additional 6,995 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 Up 0.9 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $46.97 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $36.38 and a 1 year high of $47.15. The stock has a fifty day moving average price of $43.34 and a 200-day moving average price of $42.57.

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).