Northeast Investment Management Sells 5,040 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Northeast Investment Management lowered its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,914 shares of the exchange traded fund’s stock after selling 5,040 shares during the period. Northeast Investment Management’s holdings in iShares MSCI Emerging Markets ETF were worth $1,444,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Federated Hermes Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $353,000. CWM LLC grew its holdings in iShares MSCI Emerging Markets ETF by 5.1% during the 4th quarter. CWM LLC now owns 27,517 shares of the exchange traded fund’s stock valued at $1,106,000 after buying an additional 1,331 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $48,000. Atria Wealth Solutions Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 0.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 78,712 shares of the exchange traded fund’s stock worth $3,165,000 after buying an additional 557 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 0.3% in the fourth quarter. Truist Financial Corp now owns 974,373 shares of the exchange traded fund’s stock worth $39,180,000 after buying an additional 2,745 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM traded down $0.27 during trading on Wednesday, hitting $43.26. 15,355,932 shares of the company traded hands, compared to its average volume of 27,808,926. The stock’s 50-day simple moving average is $42.86 and its two-hundred day simple moving average is $41.90. iShares MSCI Emerging Markets ETF has a 1 year low of $36.38 and a 1 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).