Cibc World Markets Corp Sells 890,283 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cibc World Markets Corp reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 87.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,356 shares of the exchange traded fund’s stock after selling 890,283 shares during the quarter. Cibc World Markets Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $5,451,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EEM. Victory Capital Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 35.3% in the 3rd quarter. Victory Capital Management Inc. now owns 377,979 shares of the exchange traded fund’s stock valued at $17,334,000 after purchasing an additional 98,646 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in iShares MSCI Emerging Markets ETF by 23.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 25,700 shares of the exchange traded fund’s stock valued at $1,179,000 after purchasing an additional 4,843 shares during the period. Avior Wealth Management LLC raised its holdings in iShares MSCI Emerging Markets ETF by 25.4% in the 3rd quarter. Avior Wealth Management LLC now owns 6,774 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,372 shares in the last quarter. Tradewinds LLC. raised its holdings in iShares MSCI Emerging Markets ETF by 62.0% in the 3rd quarter. Tradewinds LLC. now owns 15,043 shares of the exchange traded fund’s stock valued at $690,000 after acquiring an additional 5,755 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $45.22 on Thursday. The stock has a market capitalization of $17.13 billion, a PE ratio of 14.88 and a beta of 0.72. The business has a fifty day moving average price of $43.38 and a two-hundred day moving average price of $43.76. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week 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).