GWN Securities Inc. has significantly reduced its stake in the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), selling off approximately 80.8% of its holdings during the second quarter of 2023. According to its most recent 13F filing with the Securities and Exchange Commission, GWN Securities now owns 5,957 shares of the ETF, a decrease of 25,125 shares from the previous quarter. This reduction brings the value of its remaining holdings to around $288,000.
Several other institutional investors have also adjusted their positions in the iShares MSCI Emerging Markets ETF. Brighton Jones LLC increased its stake by 1.7% in the fourth quarter, now holding 118,587 shares valued at approximately $4.96 million after buying an additional 1,940 shares. Meanwhile, Golden State Wealth Management LLC doubled its position during the first quarter, acquiring a total of 704 shares worth about $31,000.
Mirae Asset Global Investments Co. Ltd. made a notable increase to its holdings, growing its stake by 386.9% in the same period. It now owns 88,606 shares valued at approximately $3.88 million. Sumitomo Mitsui Trust Group Inc. also boosted its stake by 19.0%, acquiring an additional 33,069 shares for a total of 207,559 shares valued at around $9.07 million. Additionally, Smallwood Wealth Investment Management LLC entered the market with a new position valued at about $41,000 in the first quarter.
As of now, institutional investors hold 81.39% of the iShares MSCI Emerging Markets ETF, underscoring the significant influence of larger entities in the fund.
The iShares MSCI Emerging Markets ETF opened at $56.01 on Thursday, showing a 0.6% increase. Over the past year, the stock reached a low of $38.19 and a high of $56.31. The ETF has a market capitalization of $21.30 billion, a price-to-earnings ratio of 14.46, and a beta of 0.64. Its 50-day moving average price stands at $52.72, while the 200-day moving average is $48.97.
The iShares MSCI Emerging Markets ETF, previously known as the iShares MSCI Emerging Markets Index Fund, aims to replicate the performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index.
For those interested in tracking institutional holdings and insider trades related to the iShares MSCI Emerging Markets ETF, HoldingsChannel.com offers up-to-date information on 13F filings.
