iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) is Cassaday & Co Wealth Management LLC’s 10th Largest Position

Cassaday & Co Wealth Management LLC decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 17.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,908,701 shares of the exchange traded fund’s stock after selling 415,413 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 2.5% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Cassaday & Co Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $87,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 166.1% in the 1st quarter. Sei Investments Co. now owns 194,338 shares of the exchange traded fund’s stock valued at $7,983,000 after acquiring an additional 121,314 shares in the last quarter. Diversified Trust Co increased its holdings in shares of iShares MSCI Emerging Markets ETF by 25.6% in the 2nd quarter. Diversified Trust Co now owns 10,972 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 2,235 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 28.6% in the second quarter. Mayflower Financial Advisors LLC now owns 16,403 shares of the exchange traded fund’s stock valued at $699,000 after acquiring an additional 3,648 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $2,666,000. Finally, Viewpoint Capital Management LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 2nd quarter. Viewpoint Capital Management LLC now owns 40,351 shares of the exchange traded fund’s stock worth $1,719,000 after acquiring an additional 680 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $42.95 on Monday. iShares MSCI Emerging Markets ETF has a 1 year low of $37.48 and a 1 year high of $47.44. The stock’s 50 day simple moving average is $44.84 and its 200 day simple moving average is $43.50.

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).