Independence Bank of Kentucky raised its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 35.4% during the second quarter, HoldingsChannel reports. The firm owned 8,956 shares of the exchange traded fund’s stock after purchasing an additional 2,340 shares during the period. Independence Bank of Kentucky’s holdings in iShares MSCI Emerging Markets ETF were worth $384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth approximately $40,000. JNBA Financial Advisors lifted its stake in shares of iShares MSCI Emerging Markets ETF by 53.9% during the first quarter. JNBA Financial Advisors now owns 957 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 335 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $42,000. Bay Harbor Wealth Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 63.8% during the second quarter. Bay Harbor Wealth Management LLC now owns 1,073 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 418 shares during the period. Finally, Granite Investment Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $53,000.

Shares of NYSEARCA:EEM traded down $0.20 on Monday, hitting $42.50. 603,269 shares of the company were exchanged, compared to its average volume of 67,409,656. iShares MSCI Emerging Markets ETF has a 1-year low of $37.58 and a 1-year high of $44.95. The stock has a 50 day moving average price of $42.50.

About iShares MSCI Emerging Markets ETF

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).

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

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