iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Stock Position Decreased by Pointe Capital Management LLC

Pointe Capital Management LLC cut its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,561 shares of the company’s stock after selling 413 shares during the quarter. iShares Core MSCI Emerging Markets ETF makes up approximately 2.9% of Pointe Capital Management LLC’s holdings, making the stock its 6th biggest position. Pointe Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $4,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IEMG. Red Cedar Investment Management LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 1.5% in the 4th quarter. Red Cedar Investment Management LLC now owns 388,031 shares of the company’s stock worth $19,627,000 after buying an additional 5,550 shares during the period. Eldridge Investment Advisors Inc. bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $3,129,000. Natixis Advisors L.P. grew its position in shares of iShares Core MSCI Emerging Markets ETF by 60.8% during the fourth quarter. Natixis Advisors L.P. now owns 60,762 shares of the company’s stock worth $3,073,000 after purchasing an additional 22,983 shares in the last quarter. First Horizon Advisors Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 2.5% during the 4th quarter. First Horizon Advisors Inc. now owns 52,308 shares of the company’s stock valued at $2,646,000 after purchasing an additional 1,286 shares during the period. Finally, Disciplina Capital Management LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 4.7% during the 4th quarter. Disciplina Capital Management LLC now owns 335,848 shares of the company’s stock valued at $16,987,000 after purchasing an additional 14,968 shares during the period.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of IEMG traded up $0.47 during midday trading on Friday, hitting $53.44. 8,623,647 shares of the company traded hands, compared to its average volume of 10,557,680. The stock has a market cap of $79.09 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85. The firm has a 50 day moving average of $51.36 and a 200-day moving average of $49.82. iShares Core MSCI Emerging Markets ETF has a 52 week low of $45.57 and a 52 week high of $53.45.

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.