Byrne Financial Freedom LLC Purchases New Shares in iShares MSCI Emerging Markets ETF $EEM

Byrne Financial Freedom LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 41,956 shares of the exchange traded fund’s stock, valued at approximately $2,024,000. iShares MSCI Emerging Markets ETF accounts for about 1.0% of Byrne Financial Freedom LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 11.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock valued at $580,964,000 after purchasing an additional 1,256,608 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in iShares MSCI Emerging Markets ETF by 212.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after buying an additional 3,149,813 shares in the last quarter. Bank of Nova Scotia lifted its holdings in iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after buying an additional 1,700,100 shares during the period. Invesco Ltd. bought a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $100,644,000. Finally, Raymond James Financial Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after acquiring an additional 313,978 shares during the period. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $54.24 on Friday. The firm has a market capitalization of $20.62 billion, a P/E ratio of 14.46 and a beta of 0.64. The stock has a 50 day moving average price of $54.49 and a 200-day moving average price of $51.20. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $56.31.

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).