Chesley Taft & Associates LLC Cuts Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Chesley Taft & Associates LLC reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,482 shares of the exchange traded fund’s stock after selling 1,684 shares during the quarter. Chesley Taft & Associates LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management lifted its position in shares of iShares MSCI Emerging Markets ETF by 12.2% during the 4th quarter. Joseph Group Capital Management now owns 2,414 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 263 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in iShares MSCI Emerging Markets ETF by 2.7% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,677 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 280 shares in the last quarter. Brand Asset Management Group Inc. grew its position in shares of iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Brand Asset Management Group Inc. now owns 19,750 shares of the exchange traded fund’s stock valued at $794,000 after purchasing an additional 287 shares during the period. DB Fitzpatrick & Co Inc increased its stake in shares of iShares MSCI Emerging Markets ETF by 1.4% during the fourth quarter. DB Fitzpatrick & Co Inc now owns 20,667 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 291 shares in the last quarter. Finally, First National Trust Co raised its position in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. First National Trust Co now owns 17,369 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.6 %

EEM stock opened at $42.76 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $36.38 and a 12-month high of $43.87. The business’s 50-day moving average is $42.22 and its 200 day moving average is $40.75.

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).