Wellspring Financial Advisors LLC Has $40.84 Million Holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Wellspring Financial Advisors LLC grew its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 77.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 782,001 shares of the company’s stock after buying an additional 340,279 shares during the period. iShares Core MSCI Emerging Markets ETF comprises about 0.7% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 17th biggest holding. Wellspring Financial Advisors LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $40,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IEMG. Bogart Wealth LLC raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 3.2% during the 4th quarter. Bogart Wealth LLC now owns 6,520 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares in the last quarter. Eldridge Investment Advisors Inc. raised its position in iShares Core MSCI Emerging Markets ETF by 0.4% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 59,837 shares of the company’s stock valued at $3,125,000 after acquiring an additional 222 shares in the last quarter. Barrett & Company Inc. lifted its stake in iShares Core MSCI Emerging Markets ETF by 8.9% in the fourth quarter. Barrett & Company Inc. now owns 2,769 shares of the company’s stock valued at $145,000 after acquiring an additional 226 shares during the last quarter. Dakota Community Bank & Trust NA grew its position in iShares Core MSCI Emerging Markets ETF by 92.7% in the fourth quarter. Dakota Community Bank & Trust NA now owns 503 shares of the company’s stock worth $26,000 after acquiring an additional 242 shares in the last quarter. Finally, MN Wealth Advisors LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 3.9% during the 4th quarter. MN Wealth Advisors LLC now owns 6,740 shares of the company’s stock worth $352,000 after purchasing an additional 254 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Trading Down 5.5 %

IEMG stock opened at $50.26 on Monday. The firm has a market cap of $77.40 billion, a PE ratio of 14.53 and a beta of 0.64. iShares Core MSCI Emerging Markets ETF has a 1 year low of $47.51 and a 1 year high of $59.00. The company has a fifty day simple moving average of $54.25 and a 200 day simple moving average of $54.63.

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.