Redwood Investment Management LLC Sells 35,116 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Redwood Investment Management LLC trimmed its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 80.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,431 shares of the company’s stock after selling 35,116 shares during the period. Redwood Investment Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $588,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in iShares Core MSCI Emerging Markets ETF by 10.2% during the fourth quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock valued at $3,226,692,000 after acquiring an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in iShares Core MSCI Emerging Markets ETF by 29.5% in the 1st quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock worth $1,452,814,000 after purchasing an additional 4,743,399 shares in the last quarter. Captrust Financial Advisors boosted its holdings in iShares Core MSCI Emerging Markets ETF by 12.0% in the 4th quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock valued at $641,386,000 after purchasing an additional 1,021,822 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in iShares Core MSCI Emerging Markets ETF by 9.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock valued at $351,426,000 after purchasing an additional 454,887 shares during the period. Finally, Nationwide Fund Advisors grew its position in shares of iShares Core MSCI Emerging Markets ETF by 27.9% during the 4th quarter. Nationwide Fund Advisors now owns 4,090,138 shares of the company’s stock valued at $274,939,000 after purchasing an additional 893,391 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG opened at $80.24 on Wednesday. The firm has a market capitalization of $156.42 billion, a P/E ratio of 14.65 and a beta of 0.73. iShares Core MSCI Emerging Markets ETF has a one year low of $60.58 and a one year high of $86.49. The company has a fifty day moving average price of $80.80 and a 200-day moving average price of $76.81.

iShares Core MSCI Emerging Markets ETF Company 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.