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

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $72.85 and last traded at $72.60, with a volume of 12322015 shares changing hands. The stock had previously closed at $72.40.

iShares Core MSCI Emerging Markets ETF Stock Performance

The stock has a market cap of $136.21 billion, a P/E ratio of 14.65 and a beta of 0.65. The firm’s fifty day simple moving average is $68.10 and its 200-day simple moving average is $65.71.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of institutional investors have recently bought and sold shares of IEMG. Cahill Financial Advisors Inc. raised its position in shares of iShares Core MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 18,585 shares of the company’s stock worth $1,225,000 after acquiring an additional 164 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in iShares Core MSCI Emerging Markets ETF by 8.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,266 shares of the company’s stock worth $136,000 after purchasing an additional 168 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in iShares Core MSCI Emerging Markets ETF by 1.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 17,957 shares of the company’s stock valued at $1,207,000 after buying an additional 170 shares during the period. Team Financial Group LLC boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 19.4% during the 3rd quarter. Team Financial Group LLC now owns 1,079 shares of the company’s stock worth $71,000 after buying an additional 175 shares in the last quarter. Finally, Foster & Motley Inc. grew its position in shares of iShares Core MSCI Emerging Markets ETF by 3.5% during the 3rd quarter. Foster & Motley Inc. now owns 5,355 shares of the company’s stock worth $353,000 after buying an additional 183 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.