iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 52-Week High – Here’s Why

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) hit a new 52-week high on Wednesday . The stock traded as high as $75.00 and last traded at $75.0150, with a volume of 38782 shares traded. The stock had previously closed at $74.37.

iShares Core MSCI Emerging Markets ETF Stock Up 0.6%

The firm’s 50-day moving average price is $69.61 and its 200 day moving average price is $66.66. The firm has a market cap of $142.95 billion, a P/E ratio of 14.65 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IEMG. Community Bank N.A. increased its stake in iShares Core MSCI Emerging Markets ETF by 1.8% during the 2nd quarter. Community Bank N.A. now owns 138,699 shares of the company’s stock valued at $8,325,000 after buying an additional 2,390 shares during the period. Boston Trust Walden Corp increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 31.3% in the second quarter. Boston Trust Walden Corp now owns 5,757 shares of the company’s stock valued at $346,000 after buying an additional 1,372 shares in the last quarter. Private Wealth Asset Management LLC raised its position in shares of iShares Core MSCI Emerging Markets ETF by 1.6% during the second quarter. Private Wealth Asset Management LLC now owns 909,155 shares of the company’s stock worth $54,577,000 after purchasing an additional 14,200 shares during the period. Rosenberg Matthew Hamilton lifted its stake in iShares Core MSCI Emerging Markets ETF by 1.0% during the second quarter. Rosenberg Matthew Hamilton now owns 71,114 shares of the company’s stock valued at $4,269,000 after buying an additional 701 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of iShares Core MSCI Emerging Markets ETF by 12.3% in the second quarter. Private Trust Co. NA now owns 53,747 shares of the company’s stock worth $3,226,000 after acquiring an additional 5,899 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.