Next Capital Management LLC raised its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG – Free Report) by 33.4% during the fourth quarter, Holdings Channel reports. The firm owned 142,425 shares of the company’s stock after buying an additional 35,650 shares during the quarter. iShares Core MSCI Emerging Markets ETF comprises 3.1% of Next Capital Management LLC’s portfolio, making the stock its 10th largest holding. Next Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $9,574,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEMG. Vista Capital Partners Inc. raised its position in iShares Core MSCI Emerging Markets ETF by 42.9% in the second quarter. Vista Capital Partners Inc. now owns 7,176 shares of the company’s stock valued at $431,000 after purchasing an additional 2,153 shares during the period. Ameriprise Financial Inc. raised its position in iShares Core MSCI Emerging Markets ETF by 31.2% in the second quarter. Ameriprise Financial Inc. now owns 3,450,870 shares of the company’s stock valued at $207,354,000 after purchasing an additional 819,923 shares during the period. Monograph Wealth Advisors LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the second quarter valued at approximately $210,000. Redwood Investment Management LLC raised its position in iShares Core MSCI Emerging Markets ETF by 246.4% in the second quarter. Redwood Investment Management LLC now owns 36,597 shares of the company’s stock valued at $2,197,000 after purchasing an additional 26,032 shares during the period. Finally, Captrust Financial Advisors raised its position in iShares Core MSCI Emerging Markets ETF by 7.8% in the second quarter. Captrust Financial Advisors now owns 8,141,336 shares of the company’s stock valued at $488,723,000 after purchasing an additional 587,966 shares during the period.
iShares Core MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA IEMG opened at $78.63 on Monday. The firm has a market cap of $152.62 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 52-week low of $57.38 and a 52-week high of $86.04. The business’s 50 day moving average is $77.83 and its two-hundred day moving average is $73.03.
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.
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