Erste Asset Management GmbH Cuts Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Erste Asset Management GmbH reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 448,618 shares of the exchange traded fund’s stock after selling 202,400 shares during the quarter. Erste Asset Management GmbH’s holdings in iShares MSCI Emerging Markets ETF were worth $18,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. QRG Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $205,000. Jones Financial Companies Lllp lifted its position in iShares MSCI Emerging Markets ETF by 70.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock valued at $513,000 after purchasing an additional 5,063 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 41.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 45,133 shares of the exchange traded fund’s stock worth $1,887,000 after buying an additional 13,160 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $204,000. Finally, Sincerus Advisory LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $1,552,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $43.96 on Thursday. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70. The business has a 50 day simple moving average of $43.10 and a 200-day simple moving average of $43.71. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44.

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).