Mariner LLC Trims Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Mariner LLC cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 17.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,547,456 shares of the exchange traded fund’s stock after selling 338,322 shares during the quarter. Mariner LLC owned about 0.42% of iShares MSCI Emerging Markets ETF worth $64,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in iShares MSCI Emerging Markets ETF by 1,724.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock worth $310,586,000 after buying an additional 7,883,989 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in iShares MSCI Emerging Markets ETF by 4,632.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after purchasing an additional 3,203,501 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. Raymond James Financial Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $67,244,000. Finally, Allstate Corp purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $58,336,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 0.9 %

EEM opened at $42.13 on Tuesday. The stock’s 50-day moving average price is $43.47 and its 200 day moving average price is $43.62. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $47.44. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 14.53 and a beta of 0.63.

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).