Summit Trail Advisors LLC Reduces Stock Holdings in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)

Summit Trail Advisors LLC trimmed its stake in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,333 shares of the company’s stock after selling 3,809 shares during the period. Summit Trail Advisors LLC owned approximately 0.85% of iShares MSCI Emerging Markets Asia ETF worth $3,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the first quarter worth about $132,000. Cahill Financial Advisors Inc. acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at approximately $204,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the first quarter valued at approximately $602,000. Nicholas Hoffman & Company LLC. grew its position in shares of iShares MSCI Emerging Markets Asia ETF by 4.4% during the second quarter. Nicholas Hoffman & Company LLC. now owns 73,156 shares of the company’s stock worth $5,302,000 after acquiring an additional 3,053 shares during the last quarter. Finally, Madison Asset Management LLC increased its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 182.2% in the 4th quarter. Madison Asset Management LLC now owns 248,432 shares of the company’s stock valued at $16,424,000 after acquiring an additional 160,407 shares during the period.

iShares MSCI Emerging Markets Asia ETF Price Performance

Shares of NASDAQ:EEMA opened at $73.82 on Friday. iShares MSCI Emerging Markets Asia ETF has a 1-year low of $60.36 and a 1-year high of $76.00. The stock has a market cap of $413.39 million, a P/E ratio of 13.33 and a beta of 0.69. The firm has a fifty day moving average price of $72.21 and a 200 day moving average price of $71.03.

About iShares MSCI Emerging Markets Asia ETF

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.