BLB&B Advisors LLC Lowers Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

BLB&B Advisors LLC trimmed its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 15.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,494 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. BLB&B Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,326,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted 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 buying an additional 32,819,730 shares during the period. JPMorgan Chase & Co. increased its position in iShares MSCI Emerging Markets ETF by 45.2% during 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 period. TD Asset Management Inc lifted its position in shares of iShares MSCI Emerging Markets ETF by 13.0% in the 1st quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after purchasing an additional 575,932 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after purchasing an additional 28,793 shares during the period. Finally, Hirtle Callaghan & Co LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 5.6% in the 1st 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 period. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $55.43 on Friday. The company has a 50 day moving average price of $52.84 and a 200-day moving average price of $49.02. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $56.31. The stock has a market capitalization of $21.08 billion, a PE ratio of 14.46 and a beta of 0.64.

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).