Verdence Capital Advisors LLC Has $11.59 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Verdence Capital Advisors LLC increased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,237 shares of the exchange traded fund’s stock after buying an additional 14,664 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 0.8% of Verdence Capital Advisors LLC’s holdings, making the stock its 25th biggest holding. Verdence Capital Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $11,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in iShares MSCI Emerging Markets ETF by 1,097.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after buying an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI Emerging Markets ETF by 45.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock valued at $471,374,000 after purchasing an additional 3,359,853 shares during the period. TD Asset Management Inc lifted its position in iShares MSCI Emerging Markets ETF by 13.0% during the 1st quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock valued at $218,470,000 after purchasing an additional 575,932 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock valued at $100,103,000 after purchasing an additional 28,793 shares during the period. Finally, Hirtle Callaghan & Co LLC lifted its position in iShares MSCI Emerging Markets ETF by 5.6% during the 1st quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock valued at $82,223,000 after purchasing an additional 100,615 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 3.7%

iShares MSCI Emerging Markets ETF stock opened at $51.94 on Monday. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $54.69. The company has a market cap of $19.75 billion, a PE ratio of 14.46 and a beta of 0.74. The company’s 50-day moving average is $51.43 and its two-hundred day moving average is $47.79.

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).