Concurrent Investment Advisors LLC Increases Stake in iShares MSCI Emerging Markets ETF $EEM

Concurrent Investment Advisors LLC grew its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 99.2% during the 4th quarter, HoldingsChannel reports. The fund owned 143,326 shares of the exchange traded fund’s stock after purchasing an additional 71,369 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clarity Wealth Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 12.0% in the 3rd quarter. Clarity Wealth Advisors LLC now owns 174,748 shares of the exchange traded fund’s stock valued at $9,332,000 after buying an additional 18,658 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $1,672,000. Asempa Wealth Advisors acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $593,000. Ninety One North America Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $8,056,000. Finally, Bradley Foster & Sargent Inc. CT increased its stake in iShares MSCI Emerging Markets ETF by 59.0% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock valued at $2,795,000 after buying an additional 19,432 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $63.74 on Friday. The stock has a market capitalization of $28.22 billion, a P/E ratio of 14.46 and a beta of 0.66. The company’s fifty day moving average is $59.54 and its two-hundred day moving average is $57.15. iShares MSCI Emerging Markets ETF has a 1 year low of $43.13 and a 1 year high of $65.96.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.