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

Concurrent Investment Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 173.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 466,139 shares of the exchange traded fund’s stock after purchasing an additional 295,892 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $31,889,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after acquiring an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University boosted its position in shares of iShares MSCI Emerging Markets ETF by 102.7% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after acquiring an additional 4,577,226 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after purchasing an additional 2,823,265 shares during the period. National Bank of Canada FI grew its holdings in shares of iShares MSCI Emerging Markets ETF by 21,534.1% in the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after purchasing an additional 1,969,944 shares during the period. Finally, Duquesne Family Office LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth about $101,460,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $67.47 on Friday. The firm’s 50-day moving average is $65.74 and its two-hundred day moving average is $63.96. iShares MSCI Emerging Markets ETF has a 12 month low of $49.53 and a 12 month high of $71.57. The company has a market capitalization of $30.33 billion, a PE 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). 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.