Bank of New York Mellon Corp Has $5.83 Million Stake in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)

Bank of New York Mellon Corp cut its stake in shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,403 shares of the company’s stock after selling 4,591 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares MSCI Emerging Markets Asia ETF were worth $5,828,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Madison Asset Management LLC raised its position in shares of iShares MSCI Emerging Markets Asia ETF by 182.2% during the fourth quarter. Madison Asset Management LLC now owns 248,432 shares of the company’s stock worth $16,424,000 after acquiring an additional 160,407 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in iShares MSCI Emerging Markets Asia ETF in the first quarter valued at approximately $602,000. Finally, Richardson Financial Services Inc. acquired a new stake in iShares MSCI Emerging Markets Asia ETF during the 1st quarter valued at approximately $132,000.

iShares MSCI Emerging Markets Asia ETF Stock Performance

Shares of NASDAQ EEMA opened at $72.05 on Friday. The company’s 50 day moving average price is $72.47 and its 200-day moving average price is $70.77. iShares MSCI Emerging Markets Asia ETF has a 52-week low of $60.36 and a 52-week high of $76.00. The company has a market capitalization of $403.48 million, a P/E ratio of 13.33 and a beta of 0.69.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.