Burney Co. Reduces Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Burney Co. lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 11,612 shares of the exchange traded fund’s stock after selling 813 shares during the quarter. Burney Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. increased its position in iShares MSCI Emerging Markets ETF by 5.8% in the third quarter. Harbour Investments Inc. now owns 48,732 shares of the exchange traded fund’s stock worth $2,235,000 after buying an additional 2,653 shares during the last quarter. AQR Capital Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 75.4% in the 2nd quarter. AQR Capital Management LLC now owns 32,001 shares of the exchange traded fund’s stock worth $1,363,000 after acquiring an additional 13,761 shares during the last quarter. Endowment Wealth Management Inc. raised its stake in iShares MSCI Emerging Markets ETF by 19.0% in the 3rd quarter. Endowment Wealth Management Inc. now owns 19,976 shares of the exchange traded fund’s stock valued at $916,000 after acquiring an additional 3,193 shares during the period. Stevens Capital Management LP lifted its holdings in iShares MSCI Emerging Markets ETF by 10.0% during the third quarter. Stevens Capital Management LP now owns 200,753 shares of the exchange traded fund’s stock valued at $9,207,000 after purchasing an additional 18,192 shares during the last quarter. Finally, Harvest Investment Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 1.2% during the third quarter. Harvest Investment Advisors LLC now owns 114,108 shares of the exchange traded fund’s stock worth $5,233,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $42.09 on Friday. The company’s 50 day moving average is $42.87 and its 200-day moving average is $43.53. iShares MSCI Emerging Markets ETF has a 12-month low of $37.83 and a 12-month high of $47.44.

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).