Nicholas Hoffman & Company LLC. Reduces Holdings in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)

Nicholas Hoffman & Company LLC. reduced its stake in shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 73,003 shares of the company’s stock after selling 153 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in iShares MSCI Emerging Markets Asia ETF were worth $5,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new position in iShares MSCI Emerging Markets Asia ETF during the first quarter worth $132,000. Cahill Financial Advisors Inc. purchased a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at $204,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the first quarter valued at $602,000.

iShares MSCI Emerging Markets Asia ETF Trading Down 0.7 %

Shares of EEMA stock opened at $77.03 on Wednesday. The company has a market capitalization of $485.29 million, a price-to-earnings ratio of 13.33 and a beta of 0.69. The firm has a 50-day moving average price of $75.82 and a 200 day moving average price of $73.07. iShares MSCI Emerging Markets Asia ETF has a twelve month low of $60.40 and a twelve month high of $82.13.

iShares MSCI Emerging Markets Asia ETF Company Profile

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.