iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sets New 52-Week High – Still a Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $78.27 and last traded at $78.12, with a volume of 269874 shares. The stock had previously closed at $76.64.

iShares Core MSCI Emerging Markets ETF Price Performance

The business has a fifty day moving average of $72.74 and a 200-day moving average of $69.80. The stock has a market capitalization of $152.14 billion, a price-to-earnings ratio of 14.65 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in iShares Core MSCI Emerging Markets ETF by 10.2% in the 4th quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock worth $3,226,692,000 after purchasing an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 30.9% in the fourth quarter. Bank of New York Mellon Corp now owns 16,085,473 shares of the company’s stock worth $1,081,266,000 after buying an additional 3,795,631 shares during the period. Venturi Wealth Management LLC increased its position in shares of iShares Core MSCI Emerging Markets ETF by 79.5% in the third quarter. Venturi Wealth Management LLC now owns 2,412,345 shares of the company’s stock worth $159,022,000 after acquiring an additional 1,068,396 shares in the last quarter. Jabodon PT Co. purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth approximately $71,387,000. Finally, Captrust Financial Advisors increased its position in shares of iShares Core MSCI Emerging Markets ETF by 12.0% in the fourth quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock worth $641,386,000 after acquiring an additional 1,021,822 shares in the last quarter.

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.