M&T Bank Corp Cuts Stock Position in iShares MSCI Emerging Markets ETF $EEM

M&T Bank Corp cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.5% in the third quarter, HoldingsChannel.com reports. The fund owned 793,011 shares of the exchange traded fund’s stock after selling 29,167 shares during the period. M&T Bank Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $42,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NorthRock Partners LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 3.3% in the third quarter. NorthRock Partners LLC now owns 23,624 shares of the exchange traded fund’s stock valued at $1,262,000 after purchasing an additional 764 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $534,000. Prudential PLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 6.6% in the third quarter. Prudential PLC now owns 315,050 shares of the exchange traded fund’s stock valued at $16,824,000 after acquiring an additional 19,500 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 18.9% in the third quarter. Nicolet Advisory Services LLC now owns 6,332 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.3% in the third quarter. Regal Investment Advisors LLC now owns 122,449 shares of the exchange traded fund’s stock worth $6,539,000 after acquiring an additional 1,538 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $56.80 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $65.96. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The stock has a 50 day moving average price of $59.38 and a 200 day moving average price of $55.66.

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.