iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Hits New 52-Week High – What’s Next?

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) reached a new 52-week high during trading on Monday . The company traded as high as $67.80 and last traded at $67.45, with a volume of 2595 shares. The stock had previously closed at $66.92.

iShares Core MSCI Emerging Markets ETF Stock Performance

The firm’s fifty day moving average is $64.57 and its 200-day moving average is $59.91. The company has a market capitalization of $112.19 billion, a P/E ratio of 14.65 and a beta of 0.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IEMG. SBI Securities Co. Ltd. lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 8.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,266 shares of the company’s stock valued at $136,000 after purchasing an additional 168 shares during the period. Team Financial Group LLC raised its holdings in iShares Core MSCI Emerging Markets ETF by 19.4% in the third quarter. Team Financial Group LLC now owns 1,079 shares of the company’s stock worth $71,000 after purchasing an additional 175 shares in the last quarter. Horizons Wealth Management lifted its position in iShares Core MSCI Emerging Markets ETF by 5.7% during the second quarter. Horizons Wealth Management now owns 3,316 shares of the company’s stock valued at $199,000 after buying an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its position in iShares Core MSCI Emerging Markets ETF by 0.8% during the second quarter. Cullen Frost Bankers Inc. now owns 24,215 shares of the company’s stock valued at $1,454,000 after buying an additional 189 shares during the period. Finally, Wayfinding Financial LLC boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 2.3% during the 1st quarter. Wayfinding Financial LLC now owns 8,471 shares of the company’s stock valued at $457,000 after buying an additional 193 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.