Redwood Investment Management LLC Reduces Position in iShares Core MSCI Emerging Markets ETF $IEMG

Redwood Investment Management LLC lessened its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 80.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,431 shares of the company’s stock after selling 35,116 shares during the quarter. Redwood Investment Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $588,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of iShares Core MSCI Emerging Markets ETF by 29.5% in the first quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock valued at $1,452,814,000 after purchasing an additional 4,743,399 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Core MSCI Emerging Markets ETF by 10.2% in the 4th quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock worth $3,226,692,000 after buying an additional 4,457,585 shares during the period. Jabodon PT Co. bought a new position in iShares Core MSCI Emerging Markets ETF in the 4th quarter worth approximately $71,387,000. Captrust Financial Advisors grew its stake in iShares Core MSCI Emerging Markets ETF by 12.0% in the 4th quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock valued at $641,386,000 after buying an additional 1,021,822 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in iShares Core MSCI Emerging Markets ETF by 27.9% in the 4th quarter. Nationwide Fund Advisors now owns 4,090,138 shares of the company’s stock valued at $274,939,000 after buying an additional 893,391 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock opened at $80.24 on Wednesday. The stock has a market capitalization of $156.42 billion, a price-to-earnings ratio of 14.65 and a beta of 0.73. The company’s fifty day simple moving average is $80.80 and its two-hundred day simple moving average is $76.81. iShares Core MSCI Emerging Markets ETF has a 1 year low of $60.58 and a 1 year high of $86.49.

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.