JPMorgan Chase & Co. Sells 935,477 Shares of iShares MSCI Emerging Markets ETF $EEM

JPMorgan Chase & Co. decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,980,851 shares of the exchange traded fund’s stock after selling 935,477 shares during the quarter. JPMorgan Chase & Co. owned about 1.53% of iShares MSCI Emerging Markets ETF worth $381,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock valued at $184,000 after purchasing an additional 169 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.4% in the 4th quarter. Resonant Capital Advisors LLC now owns 14,036 shares of the exchange traded fund’s stock worth $768,000 after acquiring an additional 195 shares during the period. Van Hulzen Asset Management LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 3.8% in the 4th quarter. Van Hulzen Asset Management LLC now owns 5,531 shares of the exchange traded fund’s stock worth $303,000 after acquiring an additional 200 shares during the period. Welch & Forbes LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.3% in the 4th quarter. Welch & Forbes LLC now owns 15,432 shares of the exchange traded fund’s stock worth $844,000 after acquiring an additional 200 shares during the period. Finally, Aspiriant LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 0.5% in the 4th quarter. Aspiriant LLC now owns 39,780 shares of the exchange traded fund’s stock worth $2,176,000 after acquiring an additional 204 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.8%

Shares of EEM stock opened at $64.66 on Thursday. The stock has a 50 day moving average of $64.21 and a two-hundred day moving average of $59.77. iShares MSCI Emerging Markets ETF has a 12 month low of $46.15 and a 12 month high of $70.86. The company has a market capitalization of $28.63 billion, a P/E ratio of 14.46 and a beta of 0.73.

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). 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.