Driehaus Capital Management LLC Sells 220,138 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Driehaus Capital Management LLC trimmed its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 63.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 126,067 shares of the company’s stock after selling 220,138 shares during the quarter. Driehaus Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $6,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at about $28,000. Western Pacific Wealth Management LP raised its stake in iShares Core MSCI Emerging Markets ETF by 631.3% in the first quarter. Western Pacific Wealth Management LP now owns 585 shares of the company’s stock worth $30,000 after buying an additional 505 shares in the last quarter. Kiely Wealth Advisory Group Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 540.6% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 615 shares of the company’s stock worth $32,000 after buying an additional 519 shares in the last quarter. Zions Bancorporation N.A. bought a new position in iShares Core MSCI Emerging Markets ETF in the second quarter worth about $33,000. Finally, Olistico Wealth LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the second quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG stock opened at $58.22 on Monday. iShares Core MSCI Emerging Markets ETF has a 1 year low of $45.57 and a 1 year high of $58.66. The company has a market cap of $86.17 billion, a P/E ratio of 11.74 and a beta of 0.85. The firm has a 50-day moving average of $53.89 and a 200 day moving average of $53.26.

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.