Concord Asset Management LLC VA Invests $236,000 in iShares MSCI Emerging Markets ETF $EEM

Concord Asset Management LLC VA acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,895 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares during the period. CX Institutional acquired a new position in iShares MSCI Emerging Markets ETF in the first quarter valued at $178,000. Dynamic Advisor Solutions LLC lifted its position in iShares MSCI Emerging Markets ETF by 14.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 21,094 shares of the exchange traded fund’s stock worth $922,000 after buying an additional 2,691 shares during the period. Hanson & Doremus Investment Management boosted its stake in iShares MSCI Emerging Markets ETF by 220.8% in the 1st quarter. Hanson & Doremus Investment Management now owns 1,453 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 1,000 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.3% in the 1st quarter. Sowell Financial Services LLC now owns 71,202 shares of the exchange traded fund’s stock valued at $3,112,000 after buying an additional 943 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $53.45 on Tuesday. The firm’s 50-day simple moving average is $51.53 and its 200-day simple moving average is $47.85. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $54.69. The firm has a market cap of $20.32 billion, a P/E ratio of 14.46 and a beta of 0.74.

iShares MSCI Emerging Markets ETF Company 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).