GAMMA Investing LLC Buys 57,063 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

GAMMA Investing LLC raised its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 354,538 shares of the company’s stock after buying an additional 57,063 shares during the period. iShares Core MSCI Emerging Markets ETF comprises approximately 1.2% of GAMMA Investing LLC’s holdings, making the stock its 11th largest position. GAMMA Investing LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $23,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cahill Financial Advisors Inc. boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 18,585 shares of the company’s stock worth $1,225,000 after buying an additional 164 shares during the last quarter. Team Financial Group LLC increased its position in iShares Core MSCI Emerging Markets ETF by 19.4% during the third quarter. Team Financial Group LLC now owns 1,079 shares of the company’s stock valued at $71,000 after acquiring an additional 175 shares during the last quarter. Foster & Motley Inc. increased its position in iShares Core MSCI Emerging Markets ETF by 3.5% during the third quarter. Foster & Motley Inc. now owns 5,355 shares of the company’s stock valued at $353,000 after acquiring an additional 183 shares during the last quarter. Spinnaker Trust lifted its holdings in iShares Core MSCI Emerging Markets ETF by 0.8% in the third quarter. Spinnaker Trust now owns 26,351 shares of the company’s stock valued at $1,737,000 after acquiring an additional 200 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in iShares Core MSCI Emerging Markets ETF by 5.0% in the third quarter. Dunhill Financial LLC now owns 4,357 shares of the company’s stock valued at $287,000 after acquiring an additional 206 shares during the period.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:IEMG opened at $70.61 on Thursday. The stock’s 50-day simple moving average is $72.95 and its two-hundred day simple moving average is $68.82. The stock has a market capitalization of $134.94 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a 52-week low of $47.29 and a 52-week high of $77.68.

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.