ETFs

OLD National Bancorp IN Reduces Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Published October 22, 2024

OLD National Bancorp IN has cut its holdings in the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 35.0% during the third quarter of the year. This reduction is detailed in the latest Form 13F filing submitted to the Securities & Exchange Commission. After selling 7,597 shares, OLD National Bancorp IN now holds a total of 14,121 shares in the ETF, with a reported value of $648,000 at the close of the recent reporting period.

Other institutional investors have also made changes to their holdings in iShares MSCI Emerging Markets ETF. For instance, Fairscale Capital LLC entered a new position valued at approximately $26,000 during the second quarter. Similarly, Woodmont Investment Counsel LLC acquired shares valued at around $27,000 in the first quarter. Innealta Capital LLC also established a new position in the second quarter, which was valued at $32,000.

Notably, Jamison Private Wealth Management Inc. significantly increased its stake in the ETF by 836.5% during the second quarter. They now own 974 shares, which equals a value of $42,000 after buying an additional 870 shares during that timeframe. Additionally, Clean Yield Group bought a new stake worth approximately $43,000 during the second quarter. Overall, institutional investors collectively own 81.39% of the ETF’s shares.

iShares MSCI Emerging Markets ETF Stock Performance

On Tuesday, the EEM stock opened at $45.61. The ETF has a 50-day simple moving average of $44.27, as well as a 200-day simple moving average of $42.98. The stock has ranged from a twelve-month low of $36.38 to a high of $47.44 within the same period.

iShares MSCI Emerging Markets ETF Overview

The iShares MSCI Emerging Markets ETF, formerly known as the iShares MSCI Emerging Markets Index Fund, aims to provide investment results that correspond to the performance of publicly traded equity securities in emerging markets worldwide. This is measured by the MSCI Emerging Markets Index.

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