iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust reduced its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 32.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,901 shares of the exchange traded fund’s stock after selling 5,661 shares during the quarter. Parkside Financial Bank & Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DRW Securities LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after purchasing an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $105,980,000. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $29,856,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $17,112,000. Finally, Granite Bay Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $13,839,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $43.21 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The company has a market capitalization of $16.00 billion, a P/E ratio of 14.53 and a beta of 0.70. The stock has a 50-day simple moving average of $42.86 and a 200-day simple moving average of $43.68.

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).