Covenant Asset Management LLC Purchases Shares of 14,895 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Covenant Asset Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,895 shares of the exchange traded fund’s stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 27.9% during the fourth quarter. BlackRock Inc. now owns 49,815,127 shares of the exchange traded fund’s stock worth $1,945,779,000 after purchasing an additional 10,867,577 shares during the last quarter. Morgan Stanley raised its position in iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Morgan Stanley now owns 27,247,588 shares of the exchange traded fund’s stock worth $1,169,467,000 after acquiring an additional 339,789 shares in the last quarter. PNC Financial Services Group Inc. raised its position in iShares MSCI Emerging Markets ETF by 16.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,804,492 shares of the exchange traded fund’s stock worth $461,083,000 after acquiring an additional 1,704,141 shares in the last quarter. Prudential PLC raised its position in iShares MSCI Emerging Markets ETF by 2,577.4% during the fourth quarter. Prudential PLC now owns 11,075,096 shares of the exchange traded fund’s stock worth $432,593,000 after acquiring an additional 10,661,438 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares MSCI Emerging Markets ETF by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 8,441,092 shares of the exchange traded fund’s stock worth $329,709,000 after acquiring an additional 1,023,219 shares in the last quarter.

NYSEARCA EEM traded down $0.20 on Wednesday, hitting $40.43. 44,116,164 shares of the stock were exchanged, compared to its average volume of 71,540,922. iShares MSCI Emerging Markets ETF has a 52 week low of $37.58 and a 52 week high of $47.15.

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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).

Read More: Diluted Earnings Per Share

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

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