New Harbor Financial Group LLC Invests $25.73 Million in iShares MSCI Emerging Markets ETF $EEM

New Harbor Financial Group LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 533,270 shares of the exchange traded fund’s stock, valued at approximately $25,725,000. iShares MSCI Emerging Markets ETF makes up approximately 5.9% of New Harbor Financial Group LLC’s holdings, making the stock its 8th biggest holding. New Harbor Financial Group LLC owned 0.14% of iShares MSCI Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of EEM. JPMorgan Chase & Co. boosted its position in iShares MSCI Emerging Markets ETF by 45.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after acquiring an additional 3,359,853 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of iShares MSCI Emerging Markets ETF by 212.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after purchasing an additional 3,149,813 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $100,644,000. Bailard Inc. grew its position in iShares MSCI Emerging Markets ETF by 670.9% during the second quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock valued at $91,385,000 after purchasing an additional 1,648,670 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $67,857,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $54.74 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $56.31. The business has a 50-day moving average of $54.39 and a 200-day moving average of $50.91. The company has a market capitalization of $20.81 billion, a PE ratio of 14.46 and a beta of 0.64.

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).