D.A. Davidson & CO. Lowers Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

D.A. Davidson & CO. trimmed its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.5% during the third quarter, HoldingsChannel.com reports. The firm owned 51,727 shares of the exchange traded fund’s stock after selling 1,312 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in iShares MSCI Emerging Markets ETF by 91.1% in the second quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock valued at $302,014,000 after purchasing an additional 3,382,010 shares during the last quarter. DRW Securities LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 603.8% during the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $74,532,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $19,822,000. Finally, National Bank of Canada FI increased its stake in shares of iShares MSCI Emerging Markets ETF by 28.8% in the second quarter. National Bank of Canada FI now owns 1,447,359 shares of the exchange traded fund’s stock worth $61,785,000 after buying an additional 324,051 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 0.2 %

EEM opened at $43.26 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $37.48 and a 12-month high of $47.44. The firm’s fifty day moving average price is $44.93 and its 200 day moving average price is $43.54.

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).