iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) is United Services Automobile Association’s 2nd Largest Position

United Services Automobile Association cut its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 20.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517,395 shares of the company’s stock after selling 931,314 shares during the period. iShares Core MSCI Emerging Markets ETF accounts for about 5.1% of United Services Automobile Association’s investment portfolio, making the stock its 2nd largest position. United Services Automobile Association’s holdings in iShares Core MSCI Emerging Markets ETF were worth $201,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA Trust National Association raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 12.0% in the 2nd quarter. TIAA Trust National Association now owns 41,040,165 shares of the company’s stock valued at $2,193,250,000 after acquiring an additional 4,390,144 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,296,468 shares of the company’s stock valued at $337,050,000 after acquiring an additional 172,596 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 8.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,017,769 shares of the company’s stock valued at $345,482,000 after acquiring an additional 471,879 shares in the last quarter. Stairway Partners LLC raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 19.4% in the 3rd quarter. Stairway Partners LLC now owns 3,146,653 shares of the company’s stock valued at $180,649,000 after acquiring an additional 510,720 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 1.6% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 2,231,539 shares of the company’s stock valued at $128,113,000 after acquiring an additional 35,924 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of IEMG stock opened at $54.94 on Friday. The stock’s 50 day simple moving average is $56.00 and its 200 day simple moving average is $54.60. The company has a market capitalization of $81.31 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85. iShares Core MSCI Emerging Markets ETF has a twelve month low of $47.33 and a twelve month high of $59.00.

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.