iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Stock Falls 0.9% – What’s Next?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s stock price were down 0.9% on Wednesday. The company traded as low as $80.99 and last traded at $81.16. Approximately 19,214,706 shares were traded during mid-day trading, an increase of 31% from the average session volume of 14,620,166 shares. The stock had previously closed at $81.89.

iShares Core MSCI Emerging Markets ETF Stock Up 1.2%

The company has a market capitalization of $162.28 billion, a price-to-earnings ratio of 14.65 and a beta of 0.74. The business’s 50-day moving average is $80.85 and its 200-day moving average is $79.23.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in iShares Core MSCI Emerging Markets ETF by 10.2% during the fourth quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock valued at $3,226,692,000 after acquiring an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Core MSCI Emerging Markets ETF by 29.5% in the 1st quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock worth $1,452,814,000 after purchasing an additional 4,743,399 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 12.0% during the 4th quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock worth $641,386,000 after purchasing an additional 1,021,822 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 22.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,901,270 shares of the company’s stock worth $262,243,000 after purchasing an additional 704,984 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 3.7% during the second quarter. Valeo Financial Advisors LLC now owns 3,067,830 shares of the company’s stock worth $245,493,000 after buying an additional 110,846 shares in the last quarter.

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.