iShares MSCI Emerging Markets ETF $EEM Stock Sold by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 595,217 shares of the exchange traded fund’s stock after selling 31,791 shares during the period. iShares MSCI Emerging Markets ETF comprises approximately 2.3% of Provenance Wealth Advisors LLC’s portfolio, making the stock its 11th largest position. Provenance Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $39,755,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EEM. Bank of America Corp DE lifted its stake in iShares MSCI Emerging Markets ETF by 22.8% during 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 purchasing an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University boosted its stake in shares of 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 period. PNC Financial Services Group Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 4.3% in the first 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 during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 9.2% in the second 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 during the period. Finally, ARGA Investment Management LP acquired a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $147,155,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $61.10 on Wednesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $52.38 and a fifty-two week high of $71.57. The company has a 50 day moving average price of $65.89 and a 200 day moving average price of $63.85. The stock has a market capitalization of $28.32 billion, a P/E ratio of 14.46 and a beta of 0.77.

iShares MSCI Emerging Markets ETF Company 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.