iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Hits New 1-Year High at $55.03

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $55.03 and last traded at $54.99, with a volume of 5078881 shares trading hands. The stock had previously closed at $54.80.

iShares Core MSCI Emerging Markets ETF Price Performance

The firm has a 50 day simple moving average of $53.75 and a 200-day simple moving average of $51.59. The stock has a market capitalization of $82.26 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEMG. Ables Iannone Moore & Associates Inc. bought a new position in iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at $28,000. Western Pacific Wealth Management LP increased its position in iShares Core MSCI Emerging Markets ETF by 631.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 585 shares of the company’s stock valued at $30,000 after acquiring an additional 505 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the second quarter worth about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Core MSCI Emerging Markets ETF during the second quarter worth approximately $41,000. Finally, Central Bank & Trust Co. bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at approximately $39,000.

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.