RFG Advisory LLC Has $2.81 Million Stake in iShares MSCI Emerging Markets ETF $EEM

RFG Advisory LLC trimmed its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 15.1% in the second quarter, Holdings Channel reports. The fund owned 58,303 shares of the exchange traded fund’s stock after selling 10,337 shares during the period. RFG Advisory LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EEM. Goldman Sachs Group Inc. grew its stake in 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 valued at $1,303,523,000 after acquiring an additional 32,819,730 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI Emerging Markets ETF by 45.2% during 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. USA Financial Formulas acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $67,857,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of iShares MSCI Emerging Markets ETF by 1,731.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,485,008 shares of the exchange traded fund’s stock worth $64,541,000 after buying an additional 1,403,923 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the first quarter worth about $48,800,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $52.97 on Wednesday. The stock has a market capitalization of $20.14 billion, a P/E ratio of 14.46 and a beta of 0.74. The business has a 50-day moving average of $51.61 and a 200-day moving average of $47.89. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $54.69.

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).