JPMorgan Chase & Co. Acquires Stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

On February 4th, 2025, it was reported that JPMorgan Chase & Co. has established a new position in the PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM). In the third quarter of 2024, the investment bank acquired 2,703 shares of this exchange-traded fund (ETF) for about $57,000.

In addition to JPMorgan's investment, Flow Traders U.S. LLC also expanded its stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF by 13.0% during the same quarter. This firm now holds 67,655 shares, which are valued at approximately $1,436,000 after acquiring an additional 7,788 shares.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Performance

The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF saw a slight decline of 0.6% in trading value recently. As of Tuesday, shares opened at $18.80. The ETF has a fifty-day simple moving average of $19.29 and a two-hundred day simple moving average of $19.84. Its market capitalization stands at $92.50 million, with a price-to-earnings (P/E) ratio of 8.24 and a beta of 0.79. Over the past year, the ETF has recorded a low of $18.36 and a high of $21.59.

About PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is designed to primarily invest in a diverse range of equities from emerging markets. It follows an index that selects and weights companies based on a combination of fundamental and technical factors. The ETF was launched on August 31, 2017, and is managed by PIMCO.

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Stay updated on holdings and movements related to MFEM by visiting financial news sites for the latest 13F filings and insider transactions.

JPMorgan, ETF, Investment