Northwestern Mutual Wealth Management Co. Cuts Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Northwestern Mutual Wealth Management Co. lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,029 shares of the exchange traded fund’s stock after selling 8,483 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.09% of iShares MSCI Emerging Markets ETF worth $16,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Smith Thornton Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $209,000. Logan Stone Capital LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $937,000. The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI Emerging Markets ETF by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,498,674 shares of the exchange traded fund’s stock worth $63,829,000 after purchasing an additional 6,995 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the second quarter. Daymark Wealth Partners LLC now owns 29,409 shares of the exchange traded fund’s stock worth $1,253,000 after buying an additional 5,459 shares in the last quarter. Finally, Dimension Capital Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 2.5% during the second quarter. Dimension Capital Management LLC now owns 220,588 shares of the exchange traded fund’s stock valued at $9,395,000 after buying an additional 5,378 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

NYSEARCA EEM opened at $45.86 on Tuesday. iShares MSCI Emerging Markets ETF has a 1-year low of $36.38 and a 1-year high of $46.94. The business has a 50 day simple moving average of $42.98 and a two-hundred day simple moving average of $42.43.

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).