Simmons Bank Decreases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Simmons Bank lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 84,744 shares of the exchange traded fund’s stock after selling 1,270 shares during the period. Simmons Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $4,088,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after buying an additional 32,819,730 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after buying an additional 3,359,853 shares during the period. TD Asset Management Inc increased its holdings in shares of iShares MSCI Emerging Markets ETF by 13.0% in the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after buying an additional 575,932 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after buying an additional 28,793 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 2.4% in the second quarter. Cassaday & Co Wealth Management LLC now owns 1,954,325 shares of the exchange traded fund’s stock worth $94,277,000 after buying an additional 46,511 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.8%

EEM opened at $54.63 on Wednesday. The company has a market cap of $20.77 billion, a P/E ratio of 14.46 and a beta of 0.64. The business’s 50-day moving average price is $53.13 and its 200-day moving average price is $49.40. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $56.31.

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).