StoneX Group Inc. Acquires 236,906 Shares of iShares MSCI Emerging Markets ETF $EEM

StoneX Group Inc. acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 236,906 shares of the exchange traded fund’s stock, valued at approximately $15,719,000. iShares MSCI Emerging Markets ETF makes up about 0.6% of StoneX Group Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. First Bancorp Inc ME acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth $37,000. MADDEN SECURITIES Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $27,000. Balance Wealth Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $28,000. Financial Management Professionals Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $29,000. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.2%

NYSEARCA:EEM opened at $59.33 on Friday. The company has a market cap of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company’s 50-day moving average price is $65.43 and its 200-day moving average price is $63.88.

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.