iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Large Volume Increase – Still a Buy?

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) saw an uptick in trading volume on Tuesday . 16,728,823 shares changed hands during mid-day trading, an increase of 72% from the previous session’s volume of 9,719,646 shares.The stock last traded at $57.36 and had previously closed at $57.48.

iShares Core MSCI Emerging Markets ETF Stock Down 0.1%

The firm has a fifty day moving average price of $53.87 and a 200 day moving average price of $53.85. The company has a market cap of $88.40 billion, a P/E ratio of 14.12 and a beta of 0.64.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TIAA Trust National Association increased its stake in iShares Core MSCI Emerging Markets ETF by 1.2% in the 4th quarter. TIAA Trust National Association now owns 43,352,361 shares of the company’s stock valued at $2,266,543,000 after buying an additional 516,297 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 36,713,137 shares of the company’s stock valued at $1,981,408,000 after acquiring an additional 4,054,609 shares during the period. GAMMA Investing LLC increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 6,242.5% during the first quarter. GAMMA Investing LLC now owns 13,441,228 shares of the company’s stock worth $725,423,000 after purchasing an additional 13,229,305 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF in the first quarter valued at approximately $415,988,000. Finally, Bank of New York Mellon Corp raised its position in shares of iShares Core MSCI Emerging Markets ETF by 15.9% in the first quarter. Bank of New York Mellon Corp now owns 7,628,974 shares of the company’s stock valued at $411,736,000 after buying an additional 1,044,682 shares in the last quarter.

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.