iShares MSCI Emerging Markets ETF $EEM Stock Sold by Glaxis Capital Management LLC

Glaxis Capital Management LLC cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 77.4% in the 3rd quarter, Holdings Channel reports. The fund owned 4,000 shares of the exchange traded fund’s stock after selling 13,700 shares during the period. Glaxis Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after acquiring an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University boosted its holdings in iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after purchasing an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in iShares MSCI Emerging Markets ETF by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after purchasing an additional 189,366 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $147,155,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 5.8%

EEM stock opened at $58.05 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The stock’s 50 day moving average is $65.60 and its two-hundred day moving average is $63.87. The company has a market capitalization of $26.91 billion, a PE ratio of 14.46 and a beta of 0.77.

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.