iShares MSCI Emerging Markets ETF $EEM Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 59.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 341,270 shares of the exchange traded fund’s stock after selling 495,979 shares during the period. Resona Asset Management Co. Ltd.’s holdings in iShares MSCI Emerging Markets ETF were worth $18,671,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Csenge Advisory Group grew its position in iShares MSCI Emerging Markets ETF by 858.1% during the fourth quarter. Csenge Advisory Group now owns 54,192 shares of the exchange traded fund’s stock valued at $2,965,000 after buying an additional 48,536 shares during the period. HighTower Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 2.6% during the fourth quarter. HighTower Advisors LLC now owns 1,236,592 shares of the exchange traded fund’s stock valued at $67,654,000 after buying an additional 31,869 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI Emerging Markets ETF by 27.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,658 shares of the exchange traded fund’s stock valued at $966,000 after buying an additional 3,752 shares during the period. Gambit Capital Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $799,000. Finally, TD Private Client Wealth LLC grew its position in iShares MSCI Emerging Markets ETF by 15.0% during the fourth quarter. TD Private Client Wealth LLC now owns 21,741 shares of the exchange traded fund’s stock valued at $1,189,000 after buying an additional 2,834 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 1.1%

Shares of NYSEARCA EEM opened at $64.26 on Wednesday. The company’s 50-day simple moving average is $60.94 and its 200-day simple moving average is $58.35. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $68.15. The firm has a market cap of $28.45 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71.

iShares MSCI Emerging Markets ETF 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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.