Bonfire Financial Takes $598,000 Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Bonfire Financial purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,296 shares of the exchange traded fund’s stock, valued at approximately $598,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EEM. Grove Bank & Trust increased its position in shares of iShares MSCI Emerging Markets ETF by 7.6% during the third quarter. Grove Bank & Trust now owns 69,054 shares of the exchange traded fund’s stock valued at $3,167,000 after buying an additional 4,890 shares during the period. Corepath Wealth Partners LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 2.5% in the third quarter. Corepath Wealth Partners LLC now owns 100,032 shares of the exchange traded fund’s stock worth $4,618,000 after purchasing an additional 2,426 shares during the last quarter. Investment Advisory Group LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $256,000. Donor Advised Charitable Giving Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 36.1% in the third quarter. Donor Advised Charitable Giving Inc. now owns 11,034 shares of the exchange traded fund’s stock worth $506,000 after purchasing an additional 2,924 shares during the last quarter. Finally, Stillwater Capital Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $299,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $43.72 on Tuesday. The company’s 50 day moving average is $42.64 and its 200 day moving average is $43.45. iShares MSCI Emerging Markets ETF has a 1-year low of $38.95 and a 1-year high of $47.44.

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).