Shah Wealth Advisors LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 223,937 shares of the company’s stock, valued at approximately $18,551,000. iShares Core MSCI Emerging Markets ETF makes up about 4.3% of Shah Wealth Advisors LLC’s holdings, making the stock its 9th biggest position.
A number of other institutional investors and hedge funds also recently bought and sold shares of IEMG. Cornerstone Financial Management LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at about $25,000. Modus Advisors LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $28,000. Archer Investment Corp raised its stake in iShares Core MSCI Emerging Markets ETF by 148.1% during the first quarter. Archer Investment Corp now owns 459 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Provenance Wealth Advisors LLC lifted its position in iShares Core MSCI Emerging Markets ETF by 278.9% during the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock valued at $35,000 after purchasing an additional 371 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter worth $35,000.
iShares Core MSCI Emerging Markets ETF Trading Up 1.7%
Shares of NYSEARCA IEMG opened at $83.65 on Friday. The stock has a market capitalization of $163.07 billion, a price-to-earnings ratio of 14.65 and a beta of 0.74. iShares Core MSCI Emerging Markets ETF has a 12-month low of $62.46 and a 12-month high of $86.49. The firm’s 50-day moving average price is $80.00 and its 200-day moving average price is $78.11.
iShares Core MSCI Emerging Markets ETF Company 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.
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