Sovereign Financial Group Inc. Sells 1,040 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Sovereign Financial Group Inc. lessened its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,818 shares of the exchange traded fund’s stock after selling 1,040 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $909,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in iShares MSCI Emerging Markets ETF during the first quarter worth about $880,516,000. Bank of Montreal Can lifted its stake 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 buying an additional 3,382,010 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 15.2% in the first quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock valued at $1,017,805,000 after buying an additional 3,270,493 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $74,532,000. Finally, DRW Securities LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $64,675,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 2.5 %

Shares of NYSEARCA EEM opened at $46.19 on Wednesday. The company has a fifty day moving average price of $43.44 and a 200 day moving average price of $42.64. iShares MSCI Emerging Markets ETF has a 1-year low of $36.38 and a 1-year high of $47.44.

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).