Confluence Wealth Services Inc. Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

Confluence Wealth Services Inc. reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 112,004 shares of the exchange traded fund’s stock after selling 2,040 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $5,403,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in iShares MSCI Emerging Markets ETF by 1,097.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock valued at $1,303,523,000 after acquiring an additional 32,819,730 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Emerging Markets ETF by 45.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock valued at $471,374,000 after purchasing an additional 3,359,853 shares during the last quarter. TD Asset Management Inc increased its holdings 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 valued at $218,470,000 after purchasing an additional 575,932 shares during the period. Envestnet Asset Management Inc. increased its holdings 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 valued at $100,103,000 after purchasing an additional 28,793 shares during the period. Finally, Hirtle Callaghan & Co LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 5.6% during 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 purchasing an additional 100,615 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $54.23 on Monday. The stock has a fifty day moving average price of $50.93 and a 200 day moving average price of $47.46. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $54.39. The company has a market cap of $20.62 billion, a PE ratio of 14.46 and a beta of 0.74.

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).