Sumitomo Life Insurance Co. Acquires 357,100 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Sumitomo Life Insurance Co. boosted its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 325.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 466,900 shares of the company’s stock after acquiring an additional 357,100 shares during the quarter. iShares Core MSCI Emerging Markets ETF accounts for approximately 1.0% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 19th largest position. Sumitomo Life Insurance Co.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $30,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cahill Financial Advisors Inc. raised its position in shares of iShares Core MSCI Emerging Markets ETF by 0.9% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 18,585 shares of the company’s stock valued at $1,225,000 after acquiring an additional 164 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 8.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,266 shares of the company’s stock worth $136,000 after purchasing an additional 168 shares during the period. Team Financial Group LLC grew its stake in shares of 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 worth $71,000 after purchasing an additional 175 shares during the period. Foster & Motley Inc. increased its holdings in iShares Core MSCI Emerging Markets ETF by 3.5% in the third quarter. Foster & Motley Inc. now owns 5,355 shares of the company’s stock valued at $353,000 after purchasing an additional 183 shares during the last quarter. Finally, Spinnaker Trust lifted its stake 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 buying an additional 200 shares during the period.

iShares Core MSCI Emerging Markets ETF Trading Up 1.0%

Shares of IEMG opened at $77.57 on Thursday. The stock has a market cap of $148.24 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a 1 year low of $47.29 and a 1 year high of $77.68. The stock’s 50-day moving average price is $71.53 and its two-hundred day moving average price is $67.75.

iShares Core MSCI Emerging Markets ETF 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.