iShares MSCI Emerging Markets ETF $EEM Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.1% during the 4th quarter, Holdings Channel reports. The fund owned 712,243 shares of the exchange traded fund’s stock after selling 38,043 shares during the quarter. Fifth Third Bancorp’s holdings in iShares MSCI Emerging Markets ETF were worth $38,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEM. Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth about $407,231,000. National Bank of Canada FI grew its holdings in iShares MSCI Emerging Markets ETF by 21,534.1% in the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after purchasing an additional 1,969,944 shares during the period. Duquesne Family Office LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $101,460,000. SPX Gestao de Recursos Ltda grew its holdings in iShares MSCI Emerging Markets ETF by 1,133.3% in the third quarter. SPX Gestao de Recursos Ltda now owns 1,480,000 shares of the exchange traded fund’s stock valued at $79,032,000 after purchasing an additional 1,360,000 shares during the period. Finally, Greenfield FTC Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $43,076,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 0.2%

Shares of EEM opened at $64.13 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $44.52 and a 12 month high of $65.96. The stock’s 50 day moving average is $59.72 and its two-hundred day moving average is $57.40. The firm has a market cap of $28.40 billion, a P/E ratio of 14.46 and a beta of 0.71.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.