Innova Wealth Partners Lowers Holdings in iShares MSCI Emerging Markets ETF $EEM

Innova Wealth Partners reduced its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 56.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,440 shares of the exchange traded fund’s stock after selling 47,297 shares during the period. Innova Wealth Partners’ holdings in iShares MSCI Emerging Markets ETF were worth $1,946,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EEM. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock worth $580,964,000 after buying an additional 1,256,608 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth about $407,231,000. Corient Private Wealth LLC raised its position in iShares MSCI Emerging Markets ETF by 206.0% during the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after acquiring an additional 2,181,269 shares in the last quarter. Mariner LLC raised its position in iShares MSCI Emerging Markets ETF by 23.8% during the third quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock valued at $124,134,000 after acquiring an additional 447,010 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock valued at $108,078,000 after acquiring an additional 1,700,100 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.0%

iShares MSCI Emerging Markets ETF stock opened at $57.56 on Thursday. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $65.96. The stock’s 50 day simple moving average is $59.46 and its two-hundred day simple moving average is $55.87. The firm has a market cap of $26.24 billion, a PE ratio of 14.46 and a beta of 0.64.

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.