iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 1-Year High – Should You Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $71.58 and last traded at $71.3170, with a volume of 5150759 shares changing hands. The stock had previously closed at $70.37.

iShares Core MSCI Emerging Markets ETF Trading Up 1.5%

The stock has a market capitalization of $132.63 billion, a PE ratio of 14.65 and a beta of 0.65. The business has a fifty day moving average price of $67.76 and a 200-day moving average price of $65.37.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

A number of institutional investors have recently made changes to their positions in IEMG. Cloud Capital Management LLC purchased a new position in iShares Core MSCI Emerging Markets ETF in the 3rd quarter worth $32,000. Your Advocates Ltd. LLP purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the third quarter worth about $36,000. First Horizon Corp bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the 3rd quarter valued at about $41,000. Steigerwald Gordon & Koch Inc. purchased a new stake in iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at about $44,000. Finally, Holos Integrated Wealth LLC bought a new position in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $52,000.

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.