Summit Financial LLC Boosts Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Summit Financial LLC lifted its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 907.2% during the second quarter, Holdings Channel reports. The institutional investor owned 207,418 shares of the company’s stock after purchasing an additional 186,824 shares during the period. Summit Financial LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $11,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEMG. GW&K Investment Management LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 34.8% in the fourth quarter. GW&K Investment Management LLC now owns 809 shares of the company’s stock worth $41,000 after acquiring an additional 209 shares in the last quarter. Redmont Wealth Advisors LLC boosted its stake in iShares Core MSCI Emerging Markets ETF by 1.8% during the first quarter. Redmont Wealth Advisors LLC now owns 16,900 shares of the company’s stock worth $872,000 after buying an additional 302 shares during the period. Bahl & Gaynor Inc. lifted its stake in iShares Core MSCI Emerging Markets ETF by 1.7% during the first quarter. Bahl & Gaynor Inc. now owns 17,963 shares of the company’s stock worth $927,000 after purchasing an additional 307 shares in the last quarter. Diversified Portfolios Inc. lifted its holdings in iShares Core MSCI Emerging Markets ETF by 1.4% during the 2nd quarter. Diversified Portfolios Inc. now owns 24,104 shares of the company’s stock worth $1,290,000 after buying an additional 330 shares in the last quarter. Finally, Motco increased its holdings in iShares Core MSCI Emerging Markets ETF by 29.1% during the 1st quarter. Motco now owns 1,575 shares of the company’s stock worth $81,000 after purchasing an additional 355 shares during the period.

iShares Core MSCI Emerging Markets ETF Stock Up 0.3 %

iShares Core MSCI Emerging Markets ETF stock traded up $0.14 during mid-day trading on Friday, hitting $54.46. The company had a trading volume of 12,113,986 shares, compared to its average volume of 9,453,533. The stock has a market cap of $80.60 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85. iShares Core MSCI Emerging Markets ETF has a 1 year low of $45.57 and a 1 year high of $55.99. The business has a fifty day moving average of $53.83 and a 200 day moving average of $52.72.

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.