Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 14.3% in the first quarter, Holdings Channel reports. The fund owned 158,258 shares of the exchange traded fund’s stock after selling 26,459 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $8,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hsbc Holdings PLC increased its position in iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University lifted its position in iShares MSCI Emerging Markets ETF by 25.8% during the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 4,458,700 shares of the exchange traded fund’s stock valued at $243,935,000 after purchasing an additional 915,248 shares during the last quarter. LPL Financial LLC lifted its position in iShares MSCI Emerging Markets ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock valued at $186,115,000 after purchasing an additional 196,473 shares during the last quarter. Mariner LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 23.8% in the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after buying an additional 447,010 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of iShares MSCI Emerging Markets ETF by 18.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after buying an additional 313,978 shares in the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 1.8%

iShares MSCI Emerging Markets ETF stock opened at $65.67 on Wednesday. The company’s 50-day moving average price is $67.29 and its 200-day moving average price is $62.05. iShares MSCI Emerging Markets ETF has a twelve month low of $47.98 and a twelve month high of $71.57. The company has a market cap of $29.08 billion, a PE ratio of 14.46 and a beta of 0.72.

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.