Glenview Trust Co Sells 12,704 Shares of iShares MSCI Emerging Markets ETF $EEM

Glenview Trust Co lowered its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 105,671 shares of the exchange traded fund’s stock after selling 12,704 shares during the period. Glenview Trust Co’s holdings in iShares MSCI Emerging Markets ETF were worth $7,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EEM. MADDEN SECURITIES Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $27,000. Balance Wealth Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $28,000. Financial Management Professionals Inc. bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $29,000. Manning & Napier Advisors LLC increased its position in iShares MSCI Emerging Markets ETF by 491.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 516 shares during the period. Finally, First Bancorp Inc ME bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $37,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 2.7%

Shares of iShares MSCI Emerging Markets ETF stock opened at $61.04 on Friday. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company’s fifty day moving average is $66.11 and its 200 day moving average is $63.82.

iShares MSCI Emerging Markets ETF 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.