First United Bank & Trust Acquires 42,223 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

First United Bank & Trust lifted its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 61.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,469 shares of the company’s stock after purchasing an additional 42,223 shares during the period. iShares Core MSCI Emerging Markets ETF comprises about 2.5% of First United Bank & Trust’s holdings, making the stock its 10th largest holding. First United Bank & Trust’s holdings in iShares Core MSCI Emerging Markets ETF were worth $7,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Modus Advisors LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $28,000. Provenance Wealth Advisors LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 278.9% in the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock valued at $35,000 after buying an additional 371 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth about $35,000. Finally, North Star Investment Management Corp. purchased a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG opened at $81.30 on Friday. iShares Core MSCI Emerging Markets ETF has a one year low of $59.57 and a one year high of $86.49. The company has a market cap of $157.80 billion, a P/E ratio of 14.65 and a beta of 0.72. The business’s 50-day simple moving average is $81.12 and its 200-day simple moving average is $74.64.

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.