PNC Financial Services Group Inc. Cuts Stake in iShares MSCI Emerging Markets ETF $EEM

PNC Financial Services Group Inc. decreased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,421,722 shares of the exchange traded fund’s stock after selling 75,476 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $241,912,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EEM. Resonant Capital Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 1.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 14,036 shares of the exchange traded fund’s stock valued at $768,000 after buying an additional 195 shares during the period. Aspiriant LLC boosted its position in iShares MSCI Emerging Markets ETF by 0.5% during the 4th quarter. Aspiriant LLC now owns 39,780 shares of the exchange traded fund’s stock valued at $2,176,000 after buying an additional 204 shares during the period. Accredited Wealth Management LLC boosted its position 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 valued at $37,000 after buying an additional 206 shares during the period. J2 Capital Management Inc boosted its position in iShares MSCI Emerging Markets ETF by 0.5% during the 4th quarter. J2 Capital Management Inc now owns 39,927 shares of the exchange traded fund’s stock valued at $2,184,000 after buying an additional 207 shares during the period. Finally, United Capital Financial Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 0.4% during the 3rd quarter. United Capital Financial Advisors LLC now owns 58,727 shares of the exchange traded fund’s stock valued at $3,136,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 1.1%

Shares of EEM opened at $64.26 on Wednesday. The stock has a market capitalization of $28.45 billion, a P/E ratio of 14.46 and a beta of 0.71. The firm has a fifty day simple moving average of $60.94 and a two-hundred day simple moving average of $58.35. iShares MSCI Emerging Markets ETF has a twelve month low of $45.23 and a twelve month high of $68.15.

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.