Retirement Planning Co of New England Inc. Sells 236 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Retirement Planning Co of New England Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.5% in the first quarter, Holdings Channel reports. The firm owned 6,548 shares of the exchange traded fund’s stock after selling 236 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Woodmont Investment Counsel LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $27,000. Anchor Investment Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $31,000. Cetera Trust Company N.A acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $32,000. Eagle Bay Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 430.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 807 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 655 shares during the period. Finally, DiNuzzo Private Wealth Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM traded up $0.18 on Friday, reaching $44.51. 24,799,279 shares of the company’s stock were exchanged, compared to its average volume of 21,494,470. iShares MSCI Emerging Markets ETF has a twelve month low of $36.38 and a twelve month high of $44.64. The company has a fifty day moving average of $42.84 and a 200-day moving average of $41.06.

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).