First Foundation Advisors Sells 2,720 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

First Foundation Advisors reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,899 shares of the exchange traded fund’s stock after selling 2,720 shares during the period. First Foundation Advisors’ holdings in iShares MSCI Emerging Markets ETF were worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Snowden Capital Advisors LLC raised its stake in iShares MSCI Emerging Markets ETF by 3.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,485 shares of the exchange traded fund’s stock worth $313,000 after buying an additional 236 shares in the last quarter. Coastline Trust Co increased its position in shares of iShares MSCI Emerging Markets ETF by 2.7% during the first quarter. Coastline Trust Co now owns 9,382 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 245 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 2.0% in the first quarter. Taylor & Morgan Wealth Management LLC now owns 13,362 shares of the exchange traded fund’s stock worth $584,000 after purchasing an additional 260 shares during the last quarter. FDx Advisors Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 5.1% in the first quarter. FDx Advisors Inc. now owns 5,457 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 266 shares during the last quarter. Finally, Colorado Capital Management Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 0.8% in the first quarter. Colorado Capital Management Inc. now owns 33,184 shares of the exchange traded fund’s stock worth $1,450,000 after purchasing an additional 272 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 Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $49.20 on Wednesday. The company’s fifty day simple moving average is $47.70 and its 200-day simple moving average is $44.93. The stock has a market capitalization of $18.71 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $49.96.

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).