Bank of New York Mellon Corp Acquires 1,383,631 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Bank of New York Mellon Corp grew its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 18.1% in the second quarter, HoldingsChannel reports. The fund owned 9,012,605 shares of the company’s stock after purchasing an additional 1,383,631 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Core MSCI Emerging Markets ETF were worth $541,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of IEMG. Hughes Financial Services LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 1st quarter valued at $33,000. S.A. Mason LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter valued at $44,000. Blue Bell Private Wealth Management LLC grew its position in shares of iShares Core MSCI Emerging Markets ETF by 76.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 893 shares of the company’s stock valued at $48,000 after acquiring an additional 388 shares during the period. Finally, Knuff & Co LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 1st quarter valued at $49,000.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock opened at $68.73 on Tuesday. iShares Core MSCI Emerging Markets ETF has a 1 year low of $47.29 and a 1 year high of $69.46. The firm has a fifty day moving average price of $65.66 and a 200-day moving average price of $61.17. The company has a market cap of $115.51 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65.

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.