iShares Core MSCI Emerging Markets ETF $IEMG Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 30.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 324,000 shares of the company’s stock after selling 142,900 shares during the period. iShares Core MSCI Emerging Markets ETF makes up 0.6% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 26th largest holding. Sumitomo Life Insurance Co.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $21,779,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $3,226,692,000 after purchasing an additional 4,457,585 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 30.9% during the fourth quarter. Bank of New York Mellon Corp now owns 16,085,473 shares of the company’s stock worth $1,081,266,000 after purchasing an additional 3,795,631 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 4.6% during the third quarter. Captrust Financial Advisors now owns 8,519,766 shares of the company’s stock worth $561,617,000 after purchasing an additional 378,430 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 9.5% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock worth $351,426,000 after purchasing an additional 454,887 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Core MSCI Emerging Markets ETF by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock valued at $275,557,000 after acquiring an additional 726,865 shares during the period.

iShares Core MSCI Emerging Markets ETF Stock Performance

iShares Core MSCI Emerging Markets ETF stock opened at $82.57 on Friday. iShares Core MSCI Emerging Markets ETF has a one year low of $57.38 and a one year high of $86.04. The business has a fifty day moving average of $79.03 and a two-hundred day moving average of $73.49. The company has a market cap of $160.27 billion, a P/E ratio of 14.65 and a beta of 0.72.

iShares Core MSCI Emerging Markets ETF 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.