PNC Financial Services Group Inc. Cuts Holdings in iShares MSCI Emerging Markets ETF $EEM

PNC Financial Services Group Inc. lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,421,722 shares of the exchange traded fund’s stock after selling 75,476 shares during the period. PNC Financial Services Group Inc. owned approximately 0.97% of iShares MSCI Emerging Markets ETF worth $241,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asempa Wealth Advisors purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $593,000. Bradley Foster & Sargent Inc. CT grew its stake in iShares MSCI Emerging Markets ETF by 59.0% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock worth $2,795,000 after buying an additional 19,432 shares in the last quarter. Vawter Financial Ltd. purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $444,000. Capital Advisors Inc. OK purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $641,000. Finally, Kelsey Financial LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $1,038,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $64.26 on Wednesday. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $68.15. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71. The company has a fifty day moving average of $60.94 and a 200-day moving average of $58.35.

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). 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.