4,895 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,895 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barings LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth about $24,806,000. US Financial Advisors LLC lifted its position in iShares MSCI Emerging Markets ETF by 11.6% during the first quarter. US Financial Advisors LLC now owns 226,949 shares of the exchange traded fund’s stock valued at $9,918,000 after buying an additional 23,542 shares in the last quarter. Pandora Wealth Inc. lifted its position in iShares MSCI Emerging Markets ETF by 15.4% during the second quarter. Pandora Wealth Inc. now owns 9,641 shares of the exchange traded fund’s stock valued at $465,000 after buying an additional 1,290 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in iShares MSCI Emerging Markets ETF by 21.1% during the first quarter. Geneos Wealth Management Inc. now owns 136,579 shares of the exchange traded fund’s stock worth $5,969,000 after buying an additional 23,772 shares during the period. Finally, Aegis Wealth Management LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 68.7% in the first quarter. Aegis Wealth Management LLC now owns 8,593 shares of the exchange traded fund’s stock worth $376,000 after acquiring an additional 3,500 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 2.9%

Shares of EEM stock opened at $53.45 on Tuesday. The company’s fifty day simple moving average is $51.53 and its 200-day simple moving average is $47.85. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.69. The company has a market cap of $20.32 billion, a PE ratio of 14.46 and a beta of 0.74.

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).