Municipal Employees Retirement System of Michigan Raises Stake in iShares Core MSCI Emerging Markets ETF $IEMG

Municipal Employees Retirement System of Michigan increased its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,227,998 shares of the company’s stock after purchasing an additional 454,887 shares during the period. iShares Core MSCI Emerging Markets ETF comprises about 4.0% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 10th largest position. Municipal Employees Retirement System of Michigan owned about 0.27% of iShares Core MSCI Emerging Markets ETF worth $351,426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC increased its position in shares of iShares Core MSCI Emerging Markets ETF by 2.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 10,368 shares of the company’s stock valued at $697,000 after purchasing an additional 252 shares during the period. Fi3 FINANCIAL ADVISORS LLC grew its position in iShares Core MSCI Emerging Markets ETF by 6.2% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 7,756 shares of the company’s stock valued at $521,000 after acquiring an additional 456 shares during the period. Burling Wealth Partners LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $289,000. Rathbones Group PLC grew its position in iShares Core MSCI Emerging Markets ETF by 14.3% in the fourth quarter. Rathbones Group PLC now owns 44,653 shares of the company’s stock valued at $3,002,000 after acquiring an additional 5,590 shares during the period. Finally, Lazard Freres Gestion S.A.S. bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $201,000.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:IEMG opened at $80.57 on Friday. The business’s fifty day moving average price is $75.24 and its two-hundred day moving average price is $71.91. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $56.38 and a fifty-two week high of $83.29. The stock has a market capitalization of $156.39 billion, a price-to-earnings ratio of 14.65 and a beta of 0.71.

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.