iShares MSCI Emerging Markets ETF $EEM Holdings Decreased by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 45.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 322,340 shares of the exchange traded fund’s stock after selling 267,140 shares during the quarter. Prudential Financial Inc. owned 0.08% of iShares MSCI Emerging Markets ETF worth $15,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 2.3% during the second quarter. Coldstream Capital Management Inc. now owns 352,325 shares of the exchange traded fund’s stock worth $16,996,000 after purchasing an additional 7,937 shares during the period. Stevens Capital Management LP bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $218,000. AlphaCore Capital LLC raised its stake in iShares MSCI Emerging Markets ETF by 22.3% during the second quarter. AlphaCore Capital LLC now owns 3,899 shares of the exchange traded fund’s stock worth $188,000 after acquiring an additional 711 shares during the period. White Pine Capital LLC raised its stake in iShares MSCI Emerging Markets ETF by 4.5% during the second quarter. White Pine Capital LLC now owns 9,341 shares of the exchange traded fund’s stock worth $451,000 after acquiring an additional 400 shares during the period. Finally, MAI Capital Management lifted its holdings in iShares MSCI Emerging Markets ETF by 1.4% in the second quarter. MAI Capital Management now owns 184,060 shares of the exchange traded fund’s stock worth $8,879,000 after acquiring an additional 2,527 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.7%

Shares of EEM stock opened at $54.24 on Thursday. The company has a market cap of $20.62 billion, a P/E ratio of 14.46 and a beta of 0.64. The business has a 50 day moving average of $54.21 and a two-hundred day moving average of $50.54. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31.

iShares MSCI Emerging Markets ETF 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).