Sterling Capital Management LLC Sells 23,034 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Sterling Capital Management LLC decreased its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 459,375 shares of the company’s stock after selling 23,034 shares during the period. Sterling Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $32,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $35,000. Provenance Wealth Advisors LLC boosted its stake in iShares Core MSCI Emerging Markets ETF by 278.9% during the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after buying an additional 371 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new stake in iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at $40,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of IEMG stock opened at $81.30 on Friday. iShares Core MSCI Emerging Markets ETF has a 52-week low of $59.57 and a 52-week high of $86.49. The stock has a market cap of $157.80 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. The firm has a fifty day moving average of $81.12 and a 200-day moving average of $74.64.

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.