M&T Bank Corp Decreases Stake in iShares MSCI Emerging Markets ETF $EEM

M&T Bank Corp cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 822,178 shares of the exchange traded fund’s stock after selling 24,538 shares during the quarter. M&T Bank Corp owned about 0.22% of iShares MSCI Emerging Markets ETF worth $39,662,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EEM. Tompkins Financial Corp purchased a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $26,000. Maseco LLP acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $27,000. Hemington Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $34,000. Traub Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $34,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $35,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $54.28 on Tuesday. The company’s fifty day moving average price is $54.28 and its 200-day moving average price is $50.74. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $56.31. The firm has a market capitalization of $20.64 billion, a P/E ratio of 14.46 and a beta of 0.64.

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).