Belpointe Asset Management LLC Has $2.04 Million Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Belpointe Asset Management LLC decreased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.4% in the 4th quarter, HoldingsChannel reports. The fund owned 47,048 shares of the exchange traded fund’s stock after selling 6,039 shares during the period. Belpointe Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. GM Advisory Group LLC lifted its position in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 448 shares during the period. QRG Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $205,000. Jones Financial Companies Lllp boosted its position in shares of iShares MSCI Emerging Markets ETF by 70.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock valued at $513,000 after acquiring an additional 5,063 shares in the last quarter. Carret Asset Management LLC increased its stake in iShares MSCI Emerging Markets ETF by 4.2% in the fourth quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock valued at $881,000 after acquiring an additional 857 shares during the period. Finally, Discovery Capital Management LLC CT acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth about $312,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.9 %

NYSEARCA EEM opened at $42.13 on Tuesday. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $47.44. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 14.53 and a beta of 0.63. The stock’s 50 day moving average is $43.47 and its two-hundred day moving average is $43.62.

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).