iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Holdings Reduced by Highland Capital Management LLC

Highland Capital Management LLC lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,769 shares of the exchange traded fund’s stock after selling 2,020 shares during the quarter. Highland Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EEM. DRW Securities LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after acquiring an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth $105,980,000. Erste Asset Management GmbH acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $29,856,000. Flagship Harbor Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at about $19,822,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $17,112,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $43.21 on Friday. The company has a 50-day moving average of $42.68 and a 200-day moving average of $43.46. iShares MSCI Emerging Markets ETF has a twelve month low of $38.26 and a twelve month high of $47.44.

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).