EJMK Ventures Buys Big into Cisco Systems
EJMK Ventures LLC has acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) valued at approximately $1.20 million during the second quarter.
The institutional investor purchased 10,220 shares of the network equipment provider's stock, which makes up about 0.5% of EJMK Ventures LLC's holdings and ranks as their 27th biggest holding.
This is not an isolated move; other hedge funds have also bought and sold shares of CSCO in recent quarters. For instance, MidAtlantic Capital Management Inc., Intesa Sanpaolo Wealth Management, Networth Advisors LLC, Financial Life Planners, and Manning & Napier Advisors LLC all made similar moves during the same period.
Cisco Systems has been performing well, with a 12-month high of $130.37 and a market capitalization of $440.18 billion. The company's price performance shows it opened at $111.68 on Friday, with its 50-day simple moving average at $117.03 and two-hundred day simple moving average at $99.09.