Resona Asset Management Co. Ltd. Sells 23,104 Shares of iShares MSCI Emerging Markets ETF $EEM

Resona Asset Management Co. Ltd. lessened its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,166 shares of the exchange traded fund’s stock after selling 23,104 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.07% of iShares MSCI Emerging Markets ETF worth $18,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EEM. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Merkkuri Wealth Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at about $27,000. BTG Pactual Asset Management US LLC grew its position in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $31,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.8%

NYSEARCA:EEM opened at $66.78 on Friday. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The company’s 50 day moving average price is $67.19 and its 200-day moving average price is $61.81. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57.

About iShares MSCI Emerging Markets ETF

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.