Frisch Financial Group Inc. Cuts Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Frisch Financial Group Inc. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 16.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,354 shares of the exchange traded fund’s stock after selling 1,452 shares during the period. Frisch Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 15.2% in the 1st quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock worth $1,017,805,000 after buying an additional 3,270,493 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the first quarter valued at about $880,516,000. TD Asset Management Inc lifted its holdings in iShares MSCI Emerging Markets ETF by 657.0% during the fourth quarter. TD Asset Management Inc now owns 4,376,975 shares of the exchange traded fund’s stock valued at $175,998,000 after purchasing an additional 3,798,757 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI Emerging Markets ETF by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,597,437 shares of the exchange traded fund’s stock valued at $144,653,000 after purchasing an additional 632,842 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in iShares MSCI Emerging Markets ETF by 13.0% during the first quarter. Greenleaf Trust now owns 2,577,270 shares of the exchange traded fund’s stock valued at $105,874,000 after purchasing an additional 296,134 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 0.3 %

NYSEARCA EEM opened at $42.97 on Tuesday. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week high of $44.64. The firm’s 50-day simple moving average is $42.79 and its two-hundred day simple moving average is $42.15.

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).