iShares MSCI Emerging Markets ETF $EEM Stock Position Decreased by Pinnacle Financial Group LLC IL

Pinnacle Financial Group LLC IL cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,464 shares of the exchange traded fund’s stock after selling 8,430 shares during the period. iShares MSCI Emerging Markets ETF makes up about 2.2% of Pinnacle Financial Group LLC IL’s holdings, making the stock its 13th biggest position. Pinnacle Financial Group LLC IL’s holdings in iShares MSCI Emerging Markets ETF were worth $6,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EEM. Goldman Sachs Group Inc. raised its holdings in iShares MSCI Emerging Markets ETF by 1,097.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after buying an additional 32,819,730 shares during the period. JPMorgan Chase & Co. increased its position 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 increased its position 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. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 212.1% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after acquiring an additional 3,149,813 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 2.4% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 1,954,325 shares of the exchange traded fund’s stock valued at $94,277,000 after acquiring an additional 46,511 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $54.96 on Monday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The company has a 50 day moving average price of $53.95 and a 200 day moving average price of $50.07.

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).