Independent Financial Group LLC Buys Shares of 84,322 iShares MSCI Emerging Markets ETF $EEM

Independent Financial Group LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 84,322 shares of the exchange traded fund’s stock, valued at approximately $4,789,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after buying an additional 1,940 shares during the last quarter. AQR Capital Management LLC grew its position in iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after acquiring an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at about $3,957,000. Gamco Investors INC. ET AL acquired a new position in iShares MSCI Emerging Markets ETF during the second quarter worth about $462,000. Finally, Quantinno Capital Management LP raised its stake in iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after acquiring an additional 1,320 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.4%

EEM stock opened at $63.29 on Friday. The stock has a market capitalization of $28.02 billion, a P/E ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The firm has a 50-day moving average price of $67.11 and a 200-day moving average price of $62.20.

iShares MSCI Emerging Markets ETF 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). 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.