PNC Financial Services Group Inc. Reduces Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

PNC Financial Services Group Inc. cut its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,002,092 shares of the exchange traded fund’s stock after selling 159,742 shares during the period. PNC Financial Services Group Inc. owned about 1.23% of iShares MSCI Emerging Markets ETF worth $229,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 23.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 25,700 shares of the exchange traded fund’s stock valued at $1,179,000 after purchasing an additional 4,843 shares during the last quarter. BIP Wealth LLC grew its position in iShares MSCI Emerging Markets ETF by 9.2% during the third quarter. BIP Wealth LLC now owns 304,668 shares of the exchange traded fund’s stock valued at $13,972,000 after buying an additional 25,730 shares during the period. Common Fund For Nonprofit Organizations bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $572,000. Joseph Group Capital Management increased its holdings in iShares MSCI Emerging Markets ETF by 24.9% during the third quarter. Joseph Group Capital Management now owns 2,068 shares of the exchange traded fund’s stock valued at $95,000 after buying an additional 412 shares during the last quarter. Finally, Marathon Trading Investment Management LLC raised its position in iShares MSCI Emerging Markets ETF by 28.9% in the third quarter. Marathon Trading Investment Management LLC now owns 423,825 shares of the exchange traded fund’s stock worth $19,437,000 after acquiring an additional 94,900 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $43.44 on Tuesday. iShares MSCI Emerging Markets ETF has a 1 year low of $37.48 and a 1 year high of $47.44. The firm has a fifty day moving average price of $44.87 and a 200-day moving average price of $43.51.

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).