Itau Unibanco Holding S.A. Cuts Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Itau Unibanco Holding S.A. reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 27.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,529 shares of the exchange traded fund’s stock after selling 108,785 shares during the period. Itau Unibanco Holding S.A. owned about 0.06% of iShares MSCI Emerging Markets ETF worth $11,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. DDFG Inc purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $203,000. Aveo Capital Partners LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 25.7% in the fourth quarter. Aveo Capital Partners LLC now owns 74,268 shares of the exchange traded fund’s stock valued at $2,986,000 after purchasing an additional 15,161 shares during the period. Assetmark Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 24.2% in the fourth quarter. Assetmark Inc. now owns 9,613 shares of the exchange traded fund’s stock valued at $387,000 after purchasing an additional 1,876 shares in the last quarter. SageView Advisory Group LLC increased its stake in iShares MSCI Emerging Markets ETF by 20.1% during the 4th quarter. SageView Advisory Group LLC now owns 6,334 shares of the exchange traded fund’s stock worth $244,000 after buying an additional 1,060 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 259.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 27,095 shares of the exchange traded fund’s stock worth $1,072,000 after buying an additional 19,561 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $43.69 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week high of $44.64. The company has a fifty day simple moving average of $42.73 and a two-hundred day simple moving average of $42.23.

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).