iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 1-Year High at $56.48

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) shares reached a new 52-week high on Tuesday . The company traded as high as $56.48 and last traded at $56.48, with a volume of 7734 shares. The stock had previously closed at $55.32.

iShares Core MSCI Emerging Markets ETF Stock Up 2.2 %

The company’s fifty day moving average is $53.65 and its two-hundred day moving average is $53.09. The firm has a market capitalization of $83.71 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in the stock. VERITY Wealth Advisors lifted its stake in 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. 9258 Wealth Management LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 4.7% during the 2nd quarter. 9258 Wealth Management LLC now owns 4,691 shares of the company’s stock worth $251,000 after purchasing an additional 209 shares during the last quarter. Redmont Wealth Advisors LLC raised its holdings in iShares Core MSCI Emerging Markets ETF by 1.8% in the 1st quarter. Redmont Wealth Advisors LLC now owns 16,900 shares of the company’s stock valued at $872,000 after acquiring an additional 302 shares during the period. Bahl & Gaynor Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 1.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 17,963 shares of the company’s stock worth $927,000 after purchasing an additional 307 shares in the last quarter. Finally, Diversified Portfolios Inc. increased its position in shares of iShares Core MSCI Emerging Markets ETF by 1.4% in the second quarter. Diversified Portfolios Inc. now owns 24,104 shares of the company’s stock worth $1,290,000 after purchasing an additional 330 shares during the period.

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.