Summit Wealth & Retirement Planning Inc. Has $5.52 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Summit Wealth & Retirement Planning Inc. trimmed its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.2% during the third quarter, HoldingsChannel reports. The fund owned 120,279 shares of the exchange traded fund’s stock after selling 292 shares during the period. iShares MSCI Emerging Markets ETF comprises about 1.8% of Summit Wealth & Retirement Planning Inc.’s investment portfolio, making the stock its 15th largest position. Summit Wealth & Retirement Planning Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $5,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EEM. OLD Mission Capital LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth approximately $880,516,000. Bank of Montreal Can grew its position in iShares MSCI Emerging Markets ETF by 91.1% in the second quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock valued at $302,014,000 after purchasing an additional 3,382,010 shares in the last quarter. Jane Street Group LLC increased its stake in iShares MSCI Emerging Markets ETF by 15.2% in the 1st quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock valued at $1,017,805,000 after buying an additional 3,270,493 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $74,532,000. Finally, National Bank of Canada FI boosted its stake in shares of iShares MSCI Emerging Markets ETF by 503.4% during the 1st quarter. National Bank of Canada FI now owns 1,123,308 shares of the exchange traded fund’s stock worth $47,740,000 after buying an additional 937,141 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 2.5 %

NYSEARCA:EEM opened at $44.65 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $37.48 and a 52-week high of $47.44. The stock’s 50-day simple moving average is $44.76 and its 200 day simple moving average is $43.38.

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).