PNC Financial Services Group Inc. Has $240.15 Million Holdings in iShares MSCI Emerging Markets ETF $EEM

PNC Financial Services Group Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,497,198 shares of the exchange traded fund’s stock after selling 137,292 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.18% of iShares MSCI Emerging Markets ETF worth $240,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in iShares MSCI Emerging Markets ETF by 369.7% during the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 366 shares in the last quarter. Richardson Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at about $33,000. Traub Capital Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth about $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $37,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $61.12 on Friday. The business has a 50-day simple moving average of $57.06 and a two-hundred day simple moving average of $54.21. The company has a market capitalization of $27.86 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $61.90.

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.