Root Financial Partners LLC Purchases 11,868 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Root Financial Partners LLC grew its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 105.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,136 shares of the company’s stock after acquiring an additional 11,868 shares during the quarter. Root Financial Partners LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Provenance Wealth Advisors LLC lifted its holdings in iShares Core MSCI Emerging Markets ETF by 278.9% in the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock valued at $35,000 after acquiring an additional 371 shares during the period. Hilton Head Capital Partners LLC purchased a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $35,000. Finally, North Star Investment Management Corp. purchased a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Stock Down 2.7%

iShares Core MSCI Emerging Markets ETF stock opened at $80.63 on Thursday. The business has a 50-day simple moving average of $81.38 and a two-hundred day simple moving average of $74.99. The company has a market cap of $156.12 billion, a P/E ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 52-week low of $59.60 and a 52-week high of $86.49.

iShares Core MSCI Emerging Markets ETF Company Profile

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.