Cedar Wealth Management LLC Has $685,000 Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cedar Wealth Management LLC reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,379 shares of the exchange traded fund’s stock after selling 712 shares during the quarter. Cedar Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 25.4% in the third quarter. Avior Wealth Management LLC now owns 6,774 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,372 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MSCI Emerging Markets ETF by 6.2% in the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $2,805,000. Nwam LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $1,243,000. Finally, Flagstar Advisors Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 4.8% in the third quarter. Flagstar Advisors Inc. now owns 15,573 shares of the exchange traded fund’s stock valued at $714,000 after acquiring an additional 718 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 0.5 %

NYSEARCA EEM opened at $44.58 on Friday. The stock has a market capitalization of $16.89 billion, a PE ratio of 14.88 and a beta of 0.72. The company has a 50 day moving average price of $43.51 and a two-hundred day moving average price of $43.78. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44.

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).