iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sets New 52-Week High – Here’s What Happened

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) reached a new 52-week high on Tuesday . The stock traded as high as $83.41 and last traded at $83.22, with a volume of 1064073 shares trading hands. The stock had previously closed at $80.57.

iShares Core MSCI Emerging Markets ETF Trading Up 3.6%

The stock’s 50-day moving average is $75.45 and its 200-day moving average is $72.03. The stock has a market cap of $162.02 billion, a price-to-earnings ratio of 14.65 and a beta of 0.71.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of institutional investors have recently added to or reduced their stakes in IEMG. JPMorgan Chase & Co. increased 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 valued at $3,226,692,000 after purchasing an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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. Captrust Financial Advisors lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 12.0% during the fourth quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock worth $641,386,000 after purchasing an additional 1,021,822 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 9.5% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock worth $351,426,000 after purchasing an additional 454,887 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock worth $275,557,000 after buying an additional 726,865 shares during the period.

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.