Amarillo National Bank Trims Position in iShares MSCI Emerging Markets ETF $EEM

Amarillo National Bank reduced its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 569,816 shares of the exchange traded fund’s stock after selling 15,931 shares during the period. iShares MSCI Emerging Markets ETF accounts for 5.3% of Amarillo National Bank’s investment portfolio, making the stock its 7th largest holding. Amarillo National Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $30,428,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EEM. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in iShares MSCI Emerging Markets ETF by 212.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after acquiring an additional 3,149,813 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 206.0% in the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after purchasing an additional 2,181,269 shares in the last quarter. Invesco Ltd. bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth $100,644,000. Bank of Nova Scotia increased its position in iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after purchasing an additional 1,700,100 shares during the last quarter. Finally, Bailard Inc. raised its stake in iShares MSCI Emerging Markets ETF by 670.9% during the second quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock valued at $91,385,000 after purchasing an additional 1,648,670 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.7%

Shares of NYSEARCA:EEM opened at $54.80 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31. The stock has a market capitalization of $20.84 billion, a P/E ratio of 14.46 and a beta of 0.64. The firm has a fifty day simple moving average of $54.51 and a two-hundred day simple moving average of $51.73.

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.