Highland Capital Management LLC Trims Stock Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Highland Capital Management LLC cut its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,340 shares of the company’s stock after selling 352 shares during the quarter. Highland Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $6,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vicus Capital boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 2.4% during the first quarter. Vicus Capital now owns 440,692 shares of the company’s stock valued at $22,740,000 after purchasing an additional 10,466 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter valued at $148,000. First Merchants Corp grew its position in shares of iShares Core MSCI Emerging Markets ETF by 2.2% in the 2nd quarter. First Merchants Corp now owns 64,729 shares of the company’s stock worth $3,465,000 after buying an additional 1,406 shares during the period. Great Lakes Advisors LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 6.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 153,220 shares of the company’s stock worth $8,202,000 after acquiring an additional 8,776 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its position in iShares Core MSCI Emerging Markets ETF by 25.3% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 2,195,615 shares of the company’s stock valued at $117,531,000 after acquiring an additional 442,859 shares during the period.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of IEMG opened at $56.33 on Friday. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $45.60 and a fifty-two week high of $59.00. The firm’s 50-day simple moving average is $55.66 and its two-hundred day simple moving average is $54.01. The stock has a market cap of $83.37 billion, a PE ratio of 11.74 and a beta of 0.85.

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.