Banco Santander S.A. Sells 120,100 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Banco Santander S.A. cut its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 79.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 31,692 shares of the exchange traded fund’s stock after selling 120,100 shares during the period. Banco Santander S.A.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EEM. Integrated Investment Consultants LLC increased its position in iShares MSCI Emerging Markets ETF by 52.9% during the third quarter. Integrated Investment Consultants LLC now owns 52,783 shares of the exchange traded fund’s stock valued at $2,421,000 after acquiring an additional 18,272 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MSCI Emerging Markets ETF by 6.2% in the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after purchasing an additional 123,741 shares during the last quarter. Tradewinds LLC. boosted its position in shares of iShares MSCI Emerging Markets ETF by 62.0% during the third quarter. Tradewinds LLC. now owns 15,043 shares of the exchange traded fund’s stock valued at $690,000 after buying an additional 5,755 shares during the period. Avior Wealth Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 25.4% during the third quarter. Avior Wealth Management LLC now owns 6,774 shares of the exchange traded fund’s stock valued at $311,000 after buying an additional 1,372 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 23.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 25,700 shares of the exchange traded fund’s stock worth $1,179,000 after acquiring an additional 4,843 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $43.28 on Friday. The business has a fifty day moving average of $44.94 and a 200 day moving average of $43.52. iShares MSCI Emerging Markets ETF has a 52-week low of $37.48 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).