Hexavest Inc. Cuts Stake in iShares MSCI Emerging Markets Indx (EEM)

Hexavest Inc. lowered its holdings in iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,661,469 shares of the exchange traded fund’s stock after selling 210,786 shares during the quarter. iShares MSCI Emerging Markets Indx accounts for 0.9% of Hexavest Inc.’s holdings, making the stock its 24th biggest position. Hexavest Inc. owned approximately 0.19% of iShares MSCI Emerging Markets Indx worth $78,288,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in iShares MSCI Emerging Markets Indx during the third quarter worth $103,000. Atlantic Trust LLC boosted its holdings in iShares MSCI Emerging Markets Indx by 68.9% during the third quarter. Atlantic Trust LLC now owns 3,223 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 1,315 shares in the last quarter. Litman Gregory Asset Management LLC boosted its holdings in iShares MSCI Emerging Markets Indx by 52.9% during the third quarter. Litman Gregory Asset Management LLC now owns 3,713 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 1,285 shares in the last quarter. Ken Stern & Associates Inc. purchased a new stake in iShares MSCI Emerging Markets Indx during the second quarter worth $200,000. Finally, Stillwater Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets Indx during the fourth quarter worth $202,000.

iShares MSCI Emerging Markets Indx (EEM) traded up $0.47 on Friday, reaching $49.51. 38,720,900 shares of the company’s stock traded hands, compared to its average volume of 52,176,773. The stock has a market capitalization of $41,480.00 and a P/E ratio of -3.19. iShares MSCI Emerging Markets Indx has a fifty-two week low of $36.20 and a fifty-two week high of $49.22.

The business also recently disclosed a semiannual dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.6966 per share. This represents a yield of 3.05%. This is an increase from iShares MSCI Emerging Markets Indx’s previous semiannual dividend of $0.19. The ex-dividend date was Tuesday, December 19th. iShares MSCI Emerging Markets Indx’s dividend payout ratio (DPR) is presently -5.73%.

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About iShares MSCI Emerging Markets Indx

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).

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

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