Mirabaud & Cie SA Lowers Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Mirabaud & Cie SA lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 73,571 shares of the exchange traded fund’s stock after selling 800 shares during the period. iShares MSCI Emerging Markets ETF comprises about 1.0% of Mirabaud & Cie SA’s portfolio, making the stock its 21st largest holding. Mirabaud & Cie SA’s holdings in iShares MSCI Emerging Markets ETF were worth $3,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covenant Partners LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 3,291.7% in the third quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 790 shares during the period. Teachers Insurance & Annuity Association of America acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $37,000. Atmos Advisory LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $40,000. West Financial Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $65,000. Finally, Bristlecone Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $65,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.1 %

Shares of NYSEARCA EEM opened at $42.54 on Wednesday. The business’s fifty day simple moving average is $42.78 and its 200-day simple moving average is $43.52. iShares MSCI Emerging Markets ETF has a 12-month low of $37.91 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).