Retirement Investment Advisors Inc. Takes Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Retirement Investment Advisors Inc. acquired a new stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,078,350 shares of the company’s stock, valued at approximately $57,724,000. iShares Core MSCI Emerging Markets ETF accounts for about 7.0% of Retirement Investment Advisors Inc.’s portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. VERITY Wealth Advisors grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 1.8% in the second quarter. VERITY Wealth Advisors now owns 11,844 shares of the company’s stock valued at $634,000 after buying an additional 208 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 34.8% in the fourth quarter. GW&K Investment Management LLC now owns 809 shares of the company’s stock valued at $41,000 after buying an additional 209 shares in the last quarter. 9258 Wealth Management LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 4.7% in the second quarter. 9258 Wealth Management LLC now owns 4,691 shares of the company’s stock valued at $251,000 after buying an additional 209 shares in the last quarter. Redmont Wealth Advisors LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 1.8% in the first quarter. Redmont Wealth Advisors LLC now owns 16,900 shares of the company’s stock valued at $872,000 after buying an additional 302 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 1.7% in the first quarter. Bahl & Gaynor Inc. now owns 17,963 shares of the company’s stock valued at $927,000 after buying an additional 307 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Trading Up 2.0 %

NYSEARCA:IEMG opened at $55.04 on Friday. The firm has a fifty day simple moving average of $53.67 and a 200 day simple moving average of $53.00. iShares Core MSCI Emerging Markets ETF has a 1-year low of $45.57 and a 1-year high of $55.99. The stock has a market capitalization of $81.46 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.