iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Unusually-High Trading Volume – Here’s Why

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) shares saw unusually-high trading volume on Tuesday . Approximately 45,923,495 shares traded hands during mid-day trading, an increase of 326% from the previous session’s volume of 10,782,896 shares.The stock last traded at $66.8650 and had previously closed at $67.07.

iShares Core MSCI Emerging Markets ETF Trading Down 0.3%

The stock has a market cap of $112.34 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. The stock has a 50-day moving average price of $66.76 and a two-hundred day moving average price of $62.19.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IEMG. Blue Bell Private Wealth Management LLC raised its position in iShares Core MSCI Emerging Markets ETF by 76.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 893 shares of the company’s stock worth $48,000 after buying an additional 388 shares during the last quarter. Millstone Evans Group LLC grew its position in iShares Core MSCI Emerging Markets ETF by 39.9% during the 1st quarter. Millstone Evans Group LLC now owns 1,216 shares of the company’s stock worth $66,000 after purchasing an additional 347 shares during the period. Next Capital Management LLC lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 7.3% in the 1st quarter. Next Capital Management LLC now owns 74,106 shares of the company’s stock valued at $3,999,000 after buying an additional 5,034 shares during the period. Tufton Capital Management boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 3.1% in the first quarter. Tufton Capital Management now owns 11,280 shares of the company’s stock worth $609,000 after buying an additional 335 shares during the last quarter. Finally, Portland Global Advisors LLC raised its position in iShares Core MSCI Emerging Markets ETF by 0.9% during the first quarter. Portland Global Advisors LLC now owns 245,150 shares of the company’s stock valued at $13,231,000 after acquiring an additional 2,269 shares in the last quarter.

About iShares Core MSCI Emerging Markets ETF

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.