iShares MSCI Emerging Markets ETF $EEM Shares Sold by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. reduced its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.8% in the second quarter, HoldingsChannel reports. The fund owned 100,805 shares of the exchange traded fund’s stock after selling 13,497 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 1.3% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 17th largest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in iShares MSCI Emerging Markets ETF by 1,097.3% during 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 purchasing an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares MSCI Emerging Markets ETF by 45.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock valued at $471,374,000 after purchasing an additional 3,359,853 shares in the last quarter. TD Asset Management Inc increased its position in shares of iShares MSCI Emerging Markets ETF by 13.0% during the 1st quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock valued at $218,470,000 after purchasing an additional 575,932 shares during the period. Cassaday & Co Wealth Management LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 2.4% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 1,954,325 shares of the exchange traded fund’s stock valued at $94,277,000 after purchasing an additional 46,511 shares during the period. Finally, Hirtle Callaghan & Co LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 5.6% in the 1st quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after buying an additional 100,615 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.3%

Shares of iShares MSCI Emerging Markets ETF stock opened at $54.55 on Friday. The business has a fifty day simple moving average of $53.42 and a 200-day simple moving average of $49.56. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $56.31. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

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).