Bonfire Financial Makes New $598,000 Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Bonfire Financial acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 14,296 shares of the exchange traded fund’s stock, valued at approximately $598,000.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 5.8% during the third quarter. Harbour Investments Inc. now owns 48,732 shares of the exchange traded fund’s stock valued at $2,235,000 after purchasing an additional 2,653 shares during the period. Arlington Financial Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $670,000. Endowment Wealth Management Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 19.0% during the third quarter. Endowment Wealth Management Inc. now owns 19,976 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 3,193 shares during the period. Stevens Capital Management LP boosted its stake in shares of iShares MSCI Emerging Markets ETF by 10.0% during the third quarter. Stevens Capital Management LP now owns 200,753 shares of the exchange traded fund’s stock valued at $9,207,000 after purchasing an additional 18,192 shares during the period. Finally, Harvest Investment Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.2% during the third quarter. Harvest Investment Advisors LLC now owns 114,108 shares of the exchange traded fund’s stock valued at $5,233,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $43.72 on Tuesday. The business has a 50 day moving average price of $42.64 and a 200-day moving average price of $43.45. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.95 and a fifty-two week high of $47.44.

iShares MSCI Emerging Markets ETF Company 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).