Banque Pictet & Cie SA Has $8.55 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Banque Pictet & Cie SA lessened its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 204,461 shares of the exchange traded fund’s stock after selling 6,368 shares during the period. Banque Pictet & Cie SA’s holdings in iShares MSCI Emerging Markets ETF were worth $8,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DRW Securities LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after buying an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $105,980,000. LPL Financial LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after purchasing an additional 123,741 shares during the period. Connable Office Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. Connable Office Inc. now owns 1,162,015 shares of the exchange traded fund’s stock valued at $53,290,000 after purchasing an additional 10,578 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth $29,856,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.6 %

Shares of EEM opened at $44.07 on Friday. The company has a 50-day simple moving average of $42.65 and a 200-day simple moving average of $43.47. iShares MSCI Emerging Markets ETF has a 52 week low of $39.39 and a 52 week high of $47.44.

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).