BFI Infinity Ltd. Acquires New Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

BFI Infinity Ltd. bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,447 shares of the exchange traded fund’s stock, valued at approximately $562,000. iShares MSCI Emerging Markets ETF makes up approximately 0.6% of BFI Infinity Ltd.’s portfolio, making the stock its 17th biggest position.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of iShares MSCI Emerging Markets ETF by 91.1% in the second quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock valued at $302,014,000 after purchasing an additional 3,382,010 shares in the last quarter. DRW Securities LLC increased its holdings in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $105,980,000. LPL Financial LLC increased its stake in iShares MSCI Emerging Markets ETF by 6.2% in the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,498,674 shares of the exchange traded fund’s stock worth $63,829,000 after buying an additional 6,995 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.3 %

NYSEARCA EEM opened at $41.92 on Thursday. The company has a 50 day moving average of $43.01 and a 200-day moving average of $43.56. iShares MSCI Emerging Markets ETF has a 1-year low of $37.48 and a 1-year high of $47.44.

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).