Prudential PLC Decreases Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Prudential PLC reduced its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,650 shares of the exchange traded fund’s stock after selling 9,100 shares during the period. Prudential PLC’s holdings in iShares MSCI Emerging Markets ETF were worth $12,740,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Pillar Financial Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $28,000. Compass Planning Associates Inc acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $36,000. Creative Capital Management Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $38,000. Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 5.6 %

Shares of NYSEARCA:EEM opened at $40.58 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The stock has a market cap of $15.43 billion, a P/E ratio of 14.53 and a beta of 0.63. The business has a fifty day moving average of $43.84 and a two-hundred day moving average of $43.86.

About iShares MSCI Emerging Markets ETF

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).