SVB Wealth LLC Sells 21,258 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

SVB Wealth LLC trimmed its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 226,485 shares of the company’s stock after selling 21,258 shares during the period. iShares Core MSCI Emerging Markets ETF accounts for about 1.0% of SVB Wealth LLC’s holdings, making the stock its 20th largest position. SVB Wealth LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $15,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cornerstone Financial Management LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the 4th quarter worth about $25,000. Modus Advisors LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $35,000. North Star Investment Management Corp. acquired a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $40,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Stock Up 0.4%

Shares of IEMG opened at $86.00 on Tuesday. The stock’s 50-day moving average price is $80.63 and its 200 day moving average price is $74.29. The firm has a market capitalization of $166.93 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 12-month low of $57.38 and a 12-month high of $86.49.

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.