New Harbor Financial Group LLC Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

New Harbor Financial Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 largest position. New Harbor Financial Group LLC owned 0.13% of iShares MSCI Emerging Markets ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EEM. First Bancorp Inc ME bought a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $37,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter worth about $27,000. Curry Webb Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $40,000. CrossGen Wealth LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter worth about $35,000. Finally, Manning & Napier Advisors LLC boosted 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 valued at $35,000 after buying an additional 516 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.5%

iShares MSCI Emerging Markets ETF stock traded up $0.29 during midday trading on Friday, reaching $62.01. 21,993,285 shares of the stock traded hands, compared to its average volume of 30,993,084. The stock has a market cap of $28.74 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock’s fifty day moving average is $66.56 and its 200-day moving average is $65.87. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month 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.