iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sets New 52-Week High – Should You Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.53 and last traded at $69.5090, with a volume of 4762979 shares changing hands. The stock had previously closed at $69.00.

iShares Core MSCI Emerging Markets ETF Trading Up 1.0%

The firm has a 50-day simple moving average of $67.24 and a two-hundred day simple moving average of $64.44. The company has a market capitalization of $124.44 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several large 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 third quarter valued at $32,000. Your Advocates Ltd. LLP purchased a new position in iShares Core MSCI Emerging Markets ETF during the third quarter worth approximately $36,000. First Horizon Corp acquired a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter valued at approximately $41,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF in the third quarter valued at approximately $44,000. Finally, S.A. Mason LLC acquired a new position in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter worth approximately $44,000.

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.