iShares MSCI Emerging Markets ETF $EEM Shares Newly Bought by New Harbor Financial Group LLC

New Harbor Financial Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 587,801 shares of the exchange traded fund’s stock, valued at approximately $39,259,000. iShares MSCI Emerging Markets ETF makes up approximately 5.9% of New Harbor Financial Group LLC’s portfolio, making the stock its 4th biggest holding.

Several other hedge funds have also recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at about $27,000. CrossGen Wealth LLC bought a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth approximately $35,000. Manning & Napier Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 491.4% during the first quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 516 shares during the last quarter. First Bancorp Inc ME bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth approximately $37,000. Finally, Curry Webb Wealth Management LLC bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth approximately $40,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock traded up $0.29 during midday trading on Friday, reaching $62.01. 21,993,285 shares of the company traded hands, compared to its average volume of 30,993,084. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The business has a 50 day moving average of $66.56 and a 200-day moving average of $65.87. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.