iShares MSCI Emerging Markets ETF $EEM Shares Sold by Legacy Trust

Legacy Trust lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 21.4% in the 2nd quarter, Holdings Channel reports. The firm owned 40,129 shares of the exchange traded fund’s stock after selling 10,929 shares during the period. Legacy Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $1,936,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after acquiring an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after acquiring an additional 3,359,853 shares in the last quarter. TD Asset Management Inc grew its stake in shares of iShares MSCI Emerging Markets ETF by 13.0% in the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after acquiring an additional 575,932 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI Emerging Markets ETF by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after acquiring an additional 28,793 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 5.6% in the first quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after acquiring an additional 100,615 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.3%

NYSEARCA:EEM opened at $54.23 on Friday. The company has a fifty day simple moving average of $50.93 and a two-hundred day simple moving average of $47.45. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.39.

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).