Northwestern Mutual Wealth Management Co. Trims Holdings in iShares MSCI Emerging Markets ETF $EEM

Northwestern Mutual Wealth Management Co. decreased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 75.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,255 shares of the exchange traded fund’s stock after selling 404,241 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $7,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $407,231,000. Mariner LLC raised its position in iShares MSCI Emerging Markets ETF by 23.8% in the third quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock valued at $124,134,000 after purchasing an additional 447,010 shares during the period. Raymond James Financial Inc. raised its position in iShares MSCI Emerging Markets ETF by 18.3% in the second quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock valued at $98,019,000 after purchasing an additional 313,978 shares during the period. National Bank of Canada FI raised its position in iShares MSCI Emerging Markets ETF by 21,534.1% in the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after purchasing an additional 1,969,944 shares during the period. Finally, Duquesne Family Office LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $101,460,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.2%

NYSEARCA:EEM opened at $65.88 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $45.23 and a 52 week high of $68.15. The company has a market capitalization of $29.17 billion, a P/E ratio of 14.46 and a beta of 0.71. The stock’s fifty day moving average is $61.37 and its two-hundred day moving average is $58.55.

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.