Bartlett & CO. Wealth Management LLC Buys 135,211 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Bartlett & CO. Wealth Management LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 23.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 709,800 shares of the company’s stock after buying an additional 135,211 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $49,509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IEMG. Cornerstone Financial Management LLC purchased a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Modus Advisors LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at about $28,000. Archer Investment Corp raised its position in iShares Core MSCI Emerging Markets ETF by 148.1% during the first quarter. Archer Investment Corp now owns 459 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $35,000. Finally, Provenance Wealth Advisors LLC lifted its stake in iShares Core MSCI Emerging Markets ETF by 278.9% during the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after purchasing an additional 371 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Trading Down 1.4%

IEMG opened at $76.98 on Friday. The stock has a 50-day moving average price of $81.58 and a 200-day moving average price of $76.05. iShares Core MSCI Emerging Markets ETF has a 12-month low of $59.67 and a 12-month high of $86.49. The stock has a market capitalization of $149.05 billion, a P/E ratio of 14.65 and a beta of 0.72.

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.