Synovus Financial Corp decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 4.1% in the 3rd quarter, Holdings Channel reports. The firm owned 102,638 shares of the exchange traded fund’s stock after selling 4,377 shares during the quarter. Synovus Financial Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $4,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Brookstone Capital Management bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $210,000. Raymond James & Associates lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 13.8% in the 2nd quarter. Raymond James & Associates now owns 896,653 shares of the exchange traded fund’s stock worth $38,188,000 after purchasing an additional 108,714 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $74,532,000. Parsons Capital Management Inc. RI grew its stake in iShares MSCI Emerging Markets ETF by 26.1% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 15,142 shares of the exchange traded fund’s stock worth $645,000 after buying an additional 3,131 shares during the last quarter. Finally, Ninety One UK Ltd bought a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth $2,666,000. 81.39% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Trading Up 0.1 %
EEM stock opened at $44.03 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $37.48 and a 1 year high of $47.44. The stock’s fifty day moving average is $44.51 and its two-hundred day moving average is $43.59.
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).
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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
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