Bank of New York Mellon Corp Buys 4,743,399 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Bank of New York Mellon Corp boosted its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 29.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,828,872 shares of the company’s stock after buying an additional 4,743,399 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Core MSCI Emerging Markets ETF were worth $1,452,814,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IEMG. Cornerstone Financial Management LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $25,000. Modus Advisors LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the 4th quarter valued at approximately $28,000. Archer Investment Corp increased its holdings in iShares Core MSCI Emerging Markets ETF by 148.1% in the 1st quarter. Archer Investment Corp now owns 459 shares of the company’s stock worth $32,000 after acquiring an additional 274 shares in the last quarter. Provenance Wealth Advisors LLC increased its holdings in iShares Core MSCI Emerging Markets ETF by 278.9% in the 1st quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after acquiring an additional 371 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $35,000.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:IEMG opened at $79.68 on Thursday. iShares Core MSCI Emerging Markets ETF has a 1-year low of $59.67 and a 1-year high of $86.49. The company has a market capitalization of $154.28 billion, a P/E ratio of 14.65 and a beta of 0.72. The firm’s 50 day simple moving average is $81.77 and its two-hundred day simple moving average is $75.97.

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.