iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 12-Month High – Should You Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $75.00 and last traded at $75.0150, with a volume of 38782 shares trading hands. The stock had previously closed at $74.37.

iShares Core MSCI Emerging Markets ETF Trading Up 0.6%

The company has a market cap of $142.95 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. The firm has a 50-day moving average price of $69.61 and a 200 day moving average price of $66.66.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Community Bank N.A. boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 1.8% in the 2nd quarter. Community Bank N.A. now owns 138,699 shares of the company’s stock valued at $8,325,000 after buying an additional 2,390 shares during the period. Boston Trust Walden Corp boosted its stake in iShares Core MSCI Emerging Markets ETF by 31.3% in the second quarter. Boston Trust Walden Corp now owns 5,757 shares of the company’s stock valued at $346,000 after acquiring an additional 1,372 shares during the period. Private Wealth Asset Management LLC grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 1.6% during the second quarter. Private Wealth Asset Management LLC now owns 909,155 shares of the company’s stock valued at $54,577,000 after purchasing an additional 14,200 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of iShares Core MSCI Emerging Markets ETF by 1.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 71,114 shares of the company’s stock worth $4,269,000 after purchasing an additional 701 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 12.3% in the 2nd quarter. Private Trust Co. NA now owns 53,747 shares of the company’s stock worth $3,226,000 after purchasing an additional 5,899 shares during the last quarter.

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.