Synovus Financial Corp Decreases Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Synovus Financial Corp cut its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,638 shares of the exchange traded fund’s stock after selling 4,377 shares during the period. Synovus Financial Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $4,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of Montreal Can grew its stake in iShares MSCI Emerging Markets ETF by 91.1% during the 2nd 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. DRW Securities LLC grew its position 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 in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $74,532,000. Erste Asset Management GmbH bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $29,856,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $19,822,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $44.03 on Friday. The firm has a fifty day moving average of $44.51 and a two-hundred day moving average of $43.59. iShares MSCI Emerging Markets ETF has a 1-year low of $37.48 and a 1-year high of $47.44.

iShares MSCI Emerging Markets ETF 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).