iShares MSCI Emerging Markets ETF $EEM Stock: Legacy Wealth Partners LLC Cuts Holdings

Legacy Wealth Partners LLC cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 30.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 132,207 shares of the exchange traded fund’s stock after selling 57,401 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 1.9% of Legacy Wealth Partners LLC’s holdings, making the stock its 12th biggest position. Legacy Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $8,830,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University lifted its position in iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares during the period. Hsbc Holdings PLC lifted its position in iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after buying an additional 2,823,265 shares during the period. Fifth Third Bancorp lifted its position in iShares MSCI Emerging Markets ETF by 103.3% during the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after buying an additional 735,539 shares during the period. Finally, Gradient Investments LLC purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $45,301,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.7%

Shares of NYSEARCA:EEM opened at $63.96 on Friday. The stock’s 50-day moving average price is $66.95 and its two-hundred day moving average price is $65.67. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 and a 12-month high of $71.57. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.