iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Stock Price Down 0.9% – Here’s What Happened

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) traded down 0.9% during mid-day trading on Wednesday. The stock traded as low as $80.99 and last traded at $81.16. 19,214,706 shares traded hands during trading, an increase of 31% from the average daily volume of 14,620,166 shares. The stock had previously closed at $81.89.

iShares Core MSCI Emerging Markets ETF Trading Down 0.9%

The company has a market cap of $160.50 billion, a PE ratio of 14.65 and a beta of 0.74. The firm has a 50 day moving average of $80.79 and a two-hundred day moving average of $79.15.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in IEMG. JPMorgan Chase & Co. increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 10.2% during the fourth quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock valued at $3,226,692,000 after acquiring an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in iShares Core MSCI Emerging Markets ETF by 29.5% in the 1st quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock worth $1,452,814,000 after purchasing an additional 4,743,399 shares in the last quarter. Captrust Financial Advisors boosted its stake in 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 worth $641,386,000 after purchasing an additional 1,021,822 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares Core MSCI Emerging Markets ETF by 22.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,901,270 shares of the company’s stock valued at $262,243,000 after purchasing an additional 704,984 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in iShares Core MSCI Emerging Markets ETF by 3.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,067,830 shares of the company’s stock valued at $245,493,000 after purchasing an additional 110,846 shares during the last quarter.

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.