iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Sold by Sonata Capital Group Inc.

Sonata Capital Group Inc. lessened its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 30.1% during the second quarter, HoldingsChannel.com reports. The firm owned 26,607 shares of the exchange traded fund’s stock after selling 11,466 shares during the period. Sonata Capital Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in iShares MSCI Emerging Markets ETF by 25.3% during the second quarter. Retirement Systems of Alabama now owns 19,312,306 shares of the exchange traded fund’s stock worth $828,691,000 after acquiring an additional 3,899,300 shares during the period. PNC Financial Services Group Inc. raised its stake in iShares MSCI Emerging Markets ETF by 0.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,879,380 shares of the exchange traded fund’s stock worth $509,863,000 after acquiring an additional 74,888 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in iShares MSCI Emerging Markets ETF by 32.2% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 5,536,439 shares of the exchange traded fund’s stock worth $237,625,000 after acquiring an additional 1,347,702 shares during the period. The Manufacturers Life Insurance Company raised its stake in iShares MSCI Emerging Markets ETF by 1.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,230,988 shares of the exchange traded fund’s stock worth $181,593,000 after acquiring an additional 68,494 shares during the period. Finally, Bank of Montreal Can raised its stake in iShares MSCI Emerging Markets ETF by 19.9% during the first quarter. Bank of Montreal Can now owns 3,882,772 shares of the exchange traded fund’s stock worth $166,649,000 after acquiring an additional 644,462 shares during the period.

EEM traded up $0.36 on Wednesday, hitting $40.15. 19,004,175 shares of the company’s stock were exchanged, compared to its average volume of 69,024,086. iShares MSCI Emerging Markets ETF has a twelve month low of $37.58 and a twelve month high of $44.84. The stock has a fifty day moving average of $41.63 and a two-hundred day moving average of $42.30.

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).

Recommended Story: What is a put option?

Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM).

Institutional Ownership by Quarter for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Receive News & Ratings for iShares MSCI Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.