Red Cedar Investment Management LLC Boosts Stock Holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Red Cedar Investment Management LLC lifted its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 1.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 388,031 shares of the company’s stock after purchasing an additional 5,550 shares during the quarter. iShares Core MSCI Emerging Markets ETF makes up about 2.8% of Red Cedar Investment Management LLC’s portfolio, making the stock its 7th largest holding. Red Cedar Investment Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $19,627,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its stake in iShares Core MSCI Emerging Markets ETF by 813.0% in the third quarter. Covestor Ltd now owns 703 shares of the company’s stock valued at $33,000 after buying an additional 626 shares during the period. Steph & Co. bought a new position in iShares Core MSCI Emerging Markets ETF during the third quarter worth $35,000. Family Capital Trust Co grew its holdings in iShares Core MSCI Emerging Markets ETF by 59.4% in the third quarter. Family Capital Trust Co now owns 824 shares of the company’s stock worth $39,000 after purchasing an additional 307 shares during the period. Central Bank & Trust Co. bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $39,000. Finally, Horizons Wealth Management increased its stake in iShares Core MSCI Emerging Markets ETF by 393.5% in the fourth quarter. Horizons Wealth Management now owns 1,377 shares of the company’s stock valued at $70,000 after purchasing an additional 1,098 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

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

iShares Core MSCI Emerging Markets ETF 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.