Victory Capital Management Inc. Trims Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Victory Capital Management Inc. lowered its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,337 shares of the exchange traded fund’s stock after selling 95,241 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of iShares MSCI Emerging Markets ETF worth $25,383,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of iShares MSCI Emerging Markets ETF by 369.7% during the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares in the last quarter. Richardson Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $33,000. Traub Capital Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at $34,000. Heartwood Wealth Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $37,000. Finally, Accredited Wealth Management LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 42.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 206 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 2.0%

Shares of NYSEARCA EEM opened at $58.45 on Tuesday. The company has a market cap of $26.64 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $65.96. The business has a 50-day simple moving average of $59.17 and a two-hundred day simple moving average of $55.52.

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.