JPMorgan Chase & Co. Sells 4,126,875 Shares of iShares MSCI Emerging Markets ETF $EEM

JPMorgan Chase & Co. decreased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 34.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,916,328 shares of the exchange traded fund’s stock after selling 4,126,875 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $422,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EEM. Calton & Associates Inc. increased its stake in iShares MSCI Emerging Markets ETF by 57.2% in the third quarter. Calton & Associates Inc. now owns 29,743 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 10,827 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.0% in the 3rd quarter. HighTower Advisors LLC now owns 1,204,723 shares of the exchange traded fund’s stock worth $64,332,000 after purchasing an additional 11,948 shares in the last quarter. Salus Financial Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.1% in the 3rd quarter. Salus Financial Advisors LLC now owns 29,310 shares of the exchange traded fund’s stock worth $1,565,000 after purchasing an additional 330 shares in the last quarter. TCTC Holdings LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 2.5% during the 3rd quarter. TCTC Holdings LLC now owns 191,127 shares of the exchange traded fund’s stock valued at $10,206,000 after purchasing an additional 4,744 shares during the last quarter. Finally, New Harbor Financial Group LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 2.4% during the 3rd quarter. New Harbor Financial Group LLC now owns 545,907 shares of the exchange traded fund’s stock valued at $29,151,000 after buying an additional 12,637 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $61.19 on Thursday. The stock has a market capitalization of $27.89 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $61.90. The firm’s 50 day simple moving average is $57.44 and its two-hundred day simple moving average is $54.48.

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.