Beacon Financial Group Makes New $397,000 Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Beacon Financial Group acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the first quarter, HoldingsChannel reports. The fund acquired 9,076 shares of the exchange traded fund’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EEM. JPMorgan Chase & Co. boosted its stake in iShares MSCI Emerging Markets ETF by 1,724.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock worth $310,586,000 after purchasing an additional 7,883,989 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in iShares MSCI Emerging Markets ETF by 4,632.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after purchasing an additional 3,203,501 shares during the last quarter. Lazard Asset Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 233.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,738,713 shares of the exchange traded fund’s stock valued at $114,532,000 after purchasing an additional 1,916,377 shares during the last quarter. Raymond James Financial Inc. bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $67,244,000. Finally, Allstate Corp bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $58,336,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.5%

NYSEARCA EEM opened at $46.77 on Friday. The stock has a 50-day simple moving average of $43.94 and a 200 day simple moving average of $43.53. The company has a market capitalization of $17.62 billion, a PE ratio of 13.99 and a beta of 0.62. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month 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).