First Merchants Corp Trims Position in iShares MSCI Emerging Markets ETF $EEM

First Merchants Corp decreased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,124 shares of the exchange traded fund’s stock after selling 4,724 shares during the quarter. First Merchants Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $1,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after buying an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after buying an additional 3,359,853 shares in the last quarter. TD Asset Management Inc increased its position in iShares MSCI Emerging Markets ETF by 13.0% in the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after buying an additional 575,932 shares in the last quarter. Envestnet Asset Management Inc. increased its position in iShares MSCI Emerging Markets ETF by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after buying an additional 28,793 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC increased its position in iShares MSCI Emerging Markets ETF by 5.6% in the first quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after buying an additional 100,615 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.8%

Shares of EEM opened at $54.49 on Thursday. The business has a 50-day simple moving average of $51.25 and a two-hundred day simple moving average of $47.63. The stock has a market cap of $20.72 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.69.

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).