Resona Asset Management Co. Ltd. Decreases Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Resona Asset Management Co. Ltd. lowered its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 318,166 shares of the exchange traded fund’s stock after selling 23,104 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in iShares MSCI Emerging Markets ETF were worth $18,069,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after acquiring an additional 2,823,265 shares during the period. Board of Trustees of The Leland Stanford Junior University boosted its holdings in iShares MSCI Emerging Markets ETF by 25.8% in the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 4,458,700 shares of the exchange traded fund’s stock worth $243,935,000 after purchasing an additional 915,248 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI Emerging Markets ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock worth $186,115,000 after purchasing an additional 196,473 shares during the period. Mariner LLC grew its position in iShares MSCI Emerging Markets ETF by 23.8% in the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares during the period. Finally, Raymond James Financial Inc. raised its stake in iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock valued at $98,019,000 after buying an additional 313,978 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.8%

Shares of EEM opened at $66.78 on Friday. The firm has a fifty day simple moving average of $67.19 and a two-hundred day simple moving average of $61.81. The firm has a market cap of $29.57 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57.

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.