Citizens Business Bank Decreases Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Citizens Business Bank lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 80.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,085 shares of the exchange traded fund’s stock after selling 20,311 shares during the quarter. Citizens Business Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EEM. TFB Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $278,000. Evergreen Capital Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 3.1% during the third quarter. Evergreen Capital Management LLC now owns 36,552 shares of the exchange traded fund’s stock valued at $1,387,000 after buying an additional 1,100 shares during the period. Allworth Financial LP grew its position in iShares MSCI Emerging Markets ETF by 2.5% during the third quarter. Allworth Financial LP now owns 34,654 shares of the exchange traded fund’s stock worth $1,315,000 after buying an additional 843 shares in the last quarter. Clearstead Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 3.4% in the 3rd quarter. Clearstead Advisors LLC now owns 53,582 shares of the exchange traded fund’s stock worth $2,033,000 after acquiring an additional 1,761 shares during the last quarter. Finally, Burns J W & Co. Inc. NY purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $205,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM traded down $0.56 during trading hours on Tuesday, reaching $41.01. 32,748,732 shares of the company’s stock traded hands, compared to its average volume of 28,932,137. The firm’s 50 day simple moving average is $40.74 and its 200-day simple moving average is $39.55. iShares MSCI Emerging Markets ETF has a 12 month low of $36.38 and a 12 month high of $42.00.

iShares MSCI Emerging Markets ETF 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).