Independence Wealth Advisors LLC Sells 52,965 Shares of iShares MSCI Emerging Markets ETF $EEM

Independence Wealth Advisors LLC trimmed its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 75.8% in the third quarter, HoldingsChannel reports. The firm owned 16,895 shares of the exchange traded fund’s stock after selling 52,965 shares during the period. Independence Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after buying an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University grew its holdings in iShares MSCI Emerging Markets ETF by 102.7% during the 1st 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 buying an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings 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 buying an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after buying an additional 228,966 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in iShares MSCI Emerging Markets ETF by 103.3% during the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after buying an additional 735,539 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $61.04 on Monday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $52.38 and a fifty-two week high of $71.57. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The business has a fifty day moving average of $66.11 and a 200-day moving average of $63.82.

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). 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.