Sumitomo Life Insurance Co. Sells 65,200 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Sumitomo Life Insurance Co. reduced its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 37.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,800 shares of the company’s stock after selling 65,200 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $6,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 14.1% in the second quarter. Fairway Wealth LLC now owns 116,838 shares of the company’s stock worth $7,014,000 after purchasing an additional 14,442 shares during the period. Princeton Global Asset Management LLC boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 2.2% in the second quarter. Princeton Global Asset Management LLC now owns 56,858 shares of the company’s stock worth $3,413,000 after purchasing an additional 1,226 shares during the period. Bridges Investment Management Inc. boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 0.4% in the first quarter. Bridges Investment Management Inc. now owns 412,869 shares of the company’s stock worth $22,283,000 after purchasing an additional 1,774 shares during the period. Fifth Third Securities Inc. boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 2.6% in the second quarter. Fifth Third Securities Inc. now owns 57,252 shares of the company’s stock worth $3,437,000 after purchasing an additional 1,473 shares during the period. Finally, First Merchants Corp boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 1.8% in the second quarter. First Merchants Corp now owns 83,666 shares of the company’s stock worth $5,022,000 after purchasing an additional 1,453 shares during the period.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG opened at $68.27 on Friday. The firm has a market cap of $114.45 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a 1-year low of $47.29 and a 1-year high of $69.46. The company has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $60.99.

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.