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

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $86.07 and last traded at $86.07, with a volume of 3280 shares traded. The stock had previously closed at $85.63.

iShares Core MSCI Emerging Markets ETF Stock Up 0.8%

The firm has a market cap of $167.47 billion, a PE ratio of 14.65 and a beta of 0.72. The business has a 50-day moving average price of $80.39 and a two-hundred day moving average price of $74.15.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

Several large investors have recently bought and sold shares of IEMG. JPMorgan Chase & Co. boosted 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 buying an additional 4,457,585 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 29.5% during the first quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock worth $1,452,814,000 after buying an additional 4,743,399 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 12.0% during the fourth quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock worth $641,386,000 after buying an additional 1,021,822 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in iShares Core MSCI Emerging Markets ETF by 9.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock valued at $351,426,000 after acquiring an additional 454,887 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares Core MSCI Emerging Markets ETF by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock valued at $275,557,000 after acquiring an additional 726,865 shares in 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.