iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 1-Year High – Time to Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) reached a new 52-week high during trading on Tuesday . The company traded as high as $83.41 and last traded at $83.22, with a volume of 1064073 shares trading hands. The stock had previously closed at $80.57.

iShares Core MSCI Emerging Markets ETF Price Performance

The company’s 50-day moving average is $75.45 and its 200-day moving average is $72.03. The firm has a market capitalization of $162.02 billion, a price-to-earnings ratio of 14.65 and a beta of 0.71.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 10.2% during the 4th quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock worth $3,226,692,000 after buying an additional 4,457,585 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Core MSCI Emerging Markets ETF by 29.5% in the first quarter. Bank of New York Mellon Corp now owns 20,828,872 shares of the company’s stock valued at $1,452,814,000 after acquiring an additional 4,743,399 shares during the last quarter. Captrust Financial Advisors grew its position in iShares Core MSCI Emerging Markets ETF by 12.0% during the fourth quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock valued at $641,386,000 after acquiring an additional 1,021,822 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in iShares Core MSCI Emerging Markets ETF by 9.5% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock worth $351,426,000 after acquiring an additional 454,887 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares Core MSCI Emerging Markets ETF by 21.1% during the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock worth $275,557,000 after acquiring an additional 726,865 shares during the last quarter.

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.