Covenant Asset Management LLC Reduces Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Covenant Asset Management LLC cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,195 shares of the exchange traded fund’s stock after selling 700 shares during the quarter. Covenant Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of EEM. Two Sigma Investments LP raised its position in shares of iShares MSCI Emerging Markets ETF by 636.7% in the 4th quarter. Two Sigma Investments LP now owns 44,200 shares of the exchange traded fund’s stock worth $1,726,000 after acquiring an additional 38,200 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $277,000. Hancock Whitney Corp raised its position in shares of iShares MSCI Emerging Markets ETF by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 21,441 shares of the exchange traded fund’s stock worth $837,000 after acquiring an additional 1,158 shares in the last quarter. Executive Wealth Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $101,000. Finally, PFG Advisors raised its position in shares of iShares MSCI Emerging Markets ETF by 80.0% in the 4th quarter. PFG Advisors now owns 10,669 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 4,742 shares in the last quarter.

Shares of NYSEARCA:EEM traded up $0.06 during trading on Friday, hitting $42.67. The stock had a trading volume of 1,795,707 shares, compared to its average volume of 67,651,445. The company has a fifty day moving average of $42.47. iShares MSCI Emerging Markets ETF has a 12 month low of $37.58 and a 12 month high of $44.95.

iShares MSCI Emerging Markets ETF Company 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).

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Institutional Ownership by Quarter for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

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