iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 52-Week High – Should You Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s stock price reached a new 52-week high on Thursday . The company traded as high as $77.68 and last traded at $77.57, with a volume of 12625189 shares changing hands. The stock had previously closed at $76.79.

iShares Core MSCI Emerging Markets ETF Stock Performance

The company has a market cap of $148.24 billion, a PE ratio of 14.65 and a beta of 0.65. The stock’s 50-day simple moving average is $71.53 and its 200 day simple moving average is $67.75.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

A number of institutional investors have recently added to or reduced their stakes in IEMG. FSA Advisors Inc. raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 6.5% during the 2nd quarter. FSA Advisors Inc. now owns 7,827 shares of the company’s stock worth $470,000 after buying an additional 480 shares in the last quarter. Motco raised its position in iShares Core MSCI Emerging Markets ETF by 114.7% in the second quarter. Motco now owns 1,501 shares of the company’s stock worth $91,000 after acquiring an additional 802 shares in the last quarter. Bank of Jackson Hole Trust lifted its holdings in iShares Core MSCI Emerging Markets ETF by 10.5% in the second quarter. Bank of Jackson Hole Trust now owns 67,002 shares of the company’s stock valued at $4,022,000 after acquiring an additional 6,363 shares during the period. Arkadios Wealth Advisors lifted its holdings in iShares Core MSCI Emerging Markets ETF by 10.6% in the second quarter. Arkadios Wealth Advisors now owns 111,943 shares of the company’s stock valued at $6,720,000 after acquiring an additional 10,768 shares during the period. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter worth $62,000.

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.