Burney Co. Trims Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Burney Co. reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,331 shares of the exchange traded fund’s stock after selling 865 shares during the quarter. Burney Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $646,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EEM. Graham Capital Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth about $206,823,000. Clearstead Trust LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth about $30,000. Pacific Center for Financial Services purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth about $31,000. ZRC Wealth Management LLC bought a new position in iShares MSCI Emerging Markets ETF in the 1st quarter worth about $43,000. Finally, Alaska Wealth Advisors bought a new position in iShares MSCI Emerging Markets ETF in the 1st quarter worth about $43,000. 76.58% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.1 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $39.36 on Friday. The firm’s 50-day moving average is $38.05 and its 200 day moving average is $39.10. iShares MSCI Emerging Markets ETF has a 1 year low of $36.38 and a 1 year high of $42.53.

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).