Redmont Wealth Advisors LLC Takes Position in iShares Core MSCI Emerging Markets ETF $IEMG

Redmont Wealth Advisors LLC acquired a new position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,008 shares of the company’s stock, valued at approximately $1,121,000. iShares Core MSCI Emerging Markets ETF makes up approximately 1.6% of Redmont Wealth Advisors LLC’s holdings, making the stock its 14th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Cahill Financial Advisors Inc. lifted its stake in iShares Core MSCI Emerging Markets ETF by 0.9% in the third 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 during the last quarter. SBI Securities Co. Ltd. increased its position in shares of iShares Core MSCI Emerging Markets ETF by 8.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,266 shares of the company’s stock valued at $136,000 after purchasing an additional 168 shares during the last quarter. Team Financial Group LLC raised its holdings in shares of iShares Core MSCI Emerging Markets ETF by 19.4% in the 3rd quarter. Team Financial Group LLC now owns 1,079 shares of the company’s stock valued at $71,000 after purchasing an additional 175 shares in the last quarter. Foster & Motley Inc. lifted 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 purchasing an additional 183 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 0.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 24,215 shares of the company’s stock worth $1,454,000 after purchasing an additional 189 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Trading Up 0.5%

Shares of IEMG stock opened at $75.09 on Thursday. The company has a market cap of $143.50 billion, a P/E ratio of 14.65 and a beta of 0.65. The firm has a fifty day moving average price of $70.52 and a 200 day moving average price of $67.22. iShares Core MSCI Emerging Markets ETF has a 12 month low of $47.29 and a 12 month high of $75.89.

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.