Spire Wealth Management Sells 1,829 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Spire Wealth Management trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,706 shares of the exchange traded fund’s stock after selling 1,829 shares during the quarter. Spire Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $2,085,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EEM. Clearstead Trust LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 1st quarter valued at approximately $30,000. Pacific Center for Financial Services purchased a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at $31,000. ZRC Wealth Management LLC bought a new stake in iShares MSCI Emerging Markets ETF in the first quarter worth $43,000. Alaska Wealth Advisors purchased a new stake in iShares MSCI Emerging Markets ETF during the first quarter valued at $43,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $58,000. 76.58% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $39.36 on Wednesday. The firm has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $39.09. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week high of $42.53.

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).