Mirae Asset Global Investments Co. Ltd. Reduces Position in iShares MSCI BIC ETF $BKF

Mirae Asset Global Investments Co. Ltd. lowered its stake in iShares MSCI BIC ETF (NYSEARCA:BKF) by 53.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,000 shares of the company’s stock after selling 26,000 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.15% of iShares MSCI BIC ETF worth $1,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BKF. Envestnet Asset Management Inc. raised its stake in iShares MSCI BIC ETF by 231.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 33,346 shares of the company’s stock worth $1,382,000 after acquiring an additional 23,285 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of iShares MSCI BIC ETF by 15.5% in the second quarter. Benjamin Edwards Inc. now owns 28,983 shares of the company’s stock valued at $1,202,000 after purchasing an additional 3,899 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI BIC ETF in the second quarter worth about $145,000. Allianz SE raised its stake in shares of iShares MSCI BIC ETF by 0.7% in the second quarter. Allianz SE now owns 292,052 shares of the company’s stock worth $12,108,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of iShares MSCI BIC ETF during the third quarter worth about $29,000.

iShares MSCI BIC ETF Stock Down 0.8%

Shares of NYSEARCA BKF opened at $44.50 on Thursday. iShares MSCI BIC ETF has a 52 week low of $34.69 and a 52 week high of $46.23. The business’s 50 day moving average price is $44.51 and its 200 day moving average price is $44.19. The firm has a market cap of $93.45 million, a P/E ratio of 14.95 and a beta of 0.38.

iShares MSCI BIC ETF Profile

iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, Russia, India and China (BRIC). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.