Crestwood Advisors Group LLC Reduces Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Crestwood Advisors Group LLC lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,986 shares of the exchange traded fund’s stock after selling 4,337 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $36,000. Teachers Insurance & Annuity Association of America purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth approximately $37,000. Creative Capital Management Investments LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $38,000. Atmos Advisory LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $40,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in iShares MSCI Emerging Markets ETF by 40.0% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 1,221 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $44.24 on Wednesday. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The firm’s 50 day moving average is $42.76 and its 200 day moving average is $43.66.

iShares MSCI Emerging Markets ETF Company 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).