Sumitomo Mitsui Trust Group Inc. Cuts Stake in iShares MSCI Emerging Markets ETF $EEM

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 14.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,258 shares of the exchange traded fund’s stock after selling 26,459 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $8,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asempa Wealth Advisors bought a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $593,000. Perigon Wealth Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 77.2% in the 4th quarter. Perigon Wealth Management LLC now owns 148,373 shares of the exchange traded fund’s stock valued at $8,118,000 after acquiring an additional 64,618 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in iShares MSCI Emerging Markets ETF by 92.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock valued at $12,632,000 after acquiring an additional 110,888 shares during the last quarter. Sollinda Capital Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 276.3% in the 4th quarter. Sollinda Capital Management LLC now owns 28,981 shares of the exchange traded fund’s stock worth $1,586,000 after purchasing an additional 21,280 shares in the last quarter. Finally, Kelsey Financial LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth $1,038,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 1.8%

EEM opened at $65.67 on Wednesday. The firm has a 50-day simple moving average of $67.29 and a two-hundred day simple moving average of $62.05. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57. The company has a market capitalization of $29.08 billion, a PE ratio of 14.46 and a beta of 0.72.

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). 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.