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

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $79.02 and last traded at $78.90, with a volume of 930088 shares changing hands. The stock had previously closed at $78.49.

iShares Core MSCI Emerging Markets ETF Stock Performance

The firm’s 50 day moving average is $73.31 and its 200-day moving average is $70.58. The firm has a market cap of $152.89 billion, a price-to-earnings ratio of 14.65 and a beta of 0.66.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 30.9% in the 4th quarter. Bank of New York Mellon Corp now owns 16,085,473 shares of the company’s stock valued at $1,081,266,000 after purchasing an additional 3,795,631 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 12.0% in the 4th quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock valued at $641,386,000 after purchasing an additional 1,021,822 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 9.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock valued at $351,426,000 after purchasing an additional 454,887 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 21.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock valued at $275,557,000 after purchasing an additional 726,865 shares during the last quarter.

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.