Sonata Capital Group Inc. Sells 237 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Sonata Capital Group Inc. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,856 shares of the exchange traded fund’s stock after selling 237 shares during the quarter. Sonata Capital Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $872,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EEM. DRW Securities LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after buying an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $105,980,000. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $29,856,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $19,822,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $17,112,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $43.55 on Wednesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.95 and a fifty-two week high of $47.44. The company’s fifty day moving average is $42.65 and its 200 day moving average is $43.46.

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).