iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Hits New 52-Week High – Still a Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s share price reached a new 52-week high on Monday . The company traded as high as $69.53 and last traded at $69.5090, with a volume of 4762979 shares traded. The stock had previously closed at $69.00.

iShares Core MSCI Emerging Markets ETF Price Performance

The company has a market capitalization of $124.62 billion, a P/E ratio of 14.65 and a beta of 0.65. The stock’s fifty day simple moving average is $67.30 and its 200-day simple moving average is $64.65.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEMG. eCIO Inc. bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the first quarter valued at approximately $2,912,000. Lynx Investment Advisory increased its position in iShares Core MSCI Emerging Markets ETF by 13.0% during the first quarter. Lynx Investment Advisory now owns 4,711 shares of the company’s stock worth $254,000 after acquiring an additional 541 shares during the period. Harbor Investment Advisory LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 140.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,192 shares of the company’s stock valued at $132,000 after purchasing an additional 1,281 shares during the last quarter. Trust Co of the South boosted its holdings in iShares Core MSCI Emerging Markets ETF by 40.6% in the 2nd quarter. Trust Co of the South now owns 8,548 shares of the company’s stock valued at $513,000 after purchasing an additional 2,470 shares during the period. Finally, Horizons Wealth Management grew its position in iShares Core MSCI Emerging Markets ETF by 5.7% in the 2nd quarter. Horizons Wealth Management now owns 3,316 shares of the company’s stock worth $199,000 after purchasing an additional 180 shares during the last quarter.

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.