Bank of New York Mellon Corp Increases Stake in iShares Core MSCI Emerging Markets ETF $IEMG

Bank of New York Mellon Corp raised its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 29.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,828,872 shares of the company’s stock after purchasing an additional 4,743,399 shares during the quarter. Bank of New York Mellon Corp owned 1.07% of iShares Core MSCI Emerging Markets ETF worth $1,452,814,000 at the end of the most recent quarter.

Several other large investors 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 approximately $25,000. Modus Advisors LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Archer Investment Corp lifted its position in iShares Core MSCI Emerging Markets ETF by 148.1% during the first quarter. Archer Investment Corp now owns 459 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth approximately $35,000. Finally, Provenance Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 371 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG stock opened at $79.68 on Thursday. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $59.67 and a fifty-two week high of $86.49. The business’s 50-day moving average is $81.77 and its two-hundred day moving average is $75.97. The company has a market cap of $154.28 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72.

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.