iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Hits New 12-Month High at $55.03

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.03 and last traded at $54.99, with a volume of 5078881 shares changing hands. The stock had previously closed at $54.80.

iShares Core MSCI Emerging Markets ETF Stock Performance

The business’s fifty day simple moving average is $53.75 and its 200-day simple moving average is $51.59. The firm has a market capitalization of $82.26 billion, a PE ratio of 11.74 and a beta of 0.85.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IEMG. Lyell Wealth Management LP purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $211,000. North Star Asset Management Inc. grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 2.1% in the fourth quarter. North Star Asset Management Inc. now owns 77,803 shares of the company’s stock valued at $3,935,000 after purchasing an additional 1,576 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $3,296,000. Kingswood Wealth Advisors LLC increased its position in iShares Core MSCI Emerging Markets ETF by 7.6% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,877 shares of the company’s stock worth $550,000 after purchasing an additional 768 shares during the last quarter. Finally, Rock Creek Group LP raised its stake in iShares Core MSCI Emerging Markets ETF by 13.3% during the fourth quarter. Rock Creek Group LP now owns 373,279 shares of the company’s stock valued at $19,209,000 after purchasing an additional 43,733 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.