SVB Wealth LLC Lowers Position in iShares Core MSCI Emerging Markets ETF $IEMG

SVB Wealth LLC cut its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,743 shares of the company’s stock after selling 50,450 shares during the quarter. iShares Core MSCI Emerging Markets ETF makes up about 1.0% of SVB Wealth LLC’s investment portfolio, making the stock its 21st largest position. SVB Wealth LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $16,653,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $32,000. Your Advocates Ltd. LLP purchased a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $36,000. North Star Investment Management Corp. purchased a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $40,000. First Horizon Corp purchased a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $41,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF during the third quarter valued at about $44,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG stock opened at $83.01 on Monday. The firm has a market cap of $161.12 billion, a price-to-earnings ratio of 14.65 and a beta of 0.71. The firm has a 50-day simple moving average of $73.62 and a two-hundred day simple moving average of $70.95. iShares Core MSCI Emerging Markets ETF has a one year low of $55.44 and a one year high of $83.02.

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.