Investors purchased shares of iShares Inc. (NYSEARCA:IEMG) on weakness during trading on Tuesday. $155.30 million flowed into the stock on the tick-up and $92.79 million flowed out of the stock on the tick-down, for a money net flow of $62.51 million into the stock. Of all stocks tracked, iShares had the 29th highest net in-flow for the day. iShares traded down ($0.32) for the day and closed at $59.47

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were given a $0.9735 dividend. This represents a yield of 3.53%. The ex-dividend date was Tuesday, December 19th.

Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of iShares by 297.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,742,203 shares of the company’s stock worth $153,919,000 after buying an additional 2,052,298 shares in the last quarter. Atria Investments LLC grew its position in shares of iShares by 192.0% during the fourth quarter. Atria Investments LLC now owns 729,020 shares of the company’s stock worth $41,481,000 after buying an additional 479,345 shares in the last quarter. CWM LLC grew its position in shares of iShares by 97.0% during the fourth quarter. CWM LLC now owns 724,065 shares of the company’s stock worth $41,199,000 after buying an additional 356,588 shares in the last quarter. Simply Money Advisors grew its position in shares of iShares by 1.6% during the fourth quarter. Simply Money Advisors now owns 268,338 shares of the company’s stock worth $15,268,000 after buying an additional 4,217 shares in the last quarter. Finally, SPC Financial Inc. grew its position in shares of iShares by 19.0% during the fourth quarter. SPC Financial Inc. now owns 194,874 shares of the company’s stock worth $11,088,000 after buying an additional 31,085 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/16/traders-buy-ishares-iemg-on-weakness.html.

Receive News & Ratings for iShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares and related companies with MarketBeat.com's FREE daily email newsletter.