Summit Wealth & Retirement Planning Inc. Trims Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Summit Wealth & Retirement Planning Inc. trimmed its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 118,432 shares of the exchange traded fund’s stock after selling 1,847 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 1.5% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 16th biggest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,953,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Covenant Partners LLC grew its holdings in iShares MSCI Emerging Markets ETF by 3,291.7% during the 3rd 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 in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $37,000. Atmos Advisory LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $40,000. CarsonAllaria Wealth Management Ltd. raised its holdings in iShares MSCI Emerging Markets ETF by 40.0% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 1,221 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 349 shares during the period. Finally, Bristlecone Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $65,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $43.20 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $38.95 and a one year high of $47.44. The business’s 50-day moving average price is $42.64 and its two-hundred day moving average price is $43.43.

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).