Sterling Capital Management LLC Sells 23,034 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Sterling Capital Management LLC cut its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 4.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 459,375 shares of the company’s stock after selling 23,034 shares during the quarter. Sterling Capital Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $32,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IEMG. Creative Capital Management Investments LLC grew its position in iShares Core MSCI Emerging Markets ETF by 344.0% in the first quarter. Creative Capital Management Investments LLC now owns 888 shares of the company’s stock valued at $62,000 after acquiring an additional 688 shares during the period. First United Bank & Trust raised its stake in iShares Core MSCI Emerging Markets ETF by 61.0% during the first quarter. First United Bank & Trust now owns 111,469 shares of the company’s stock worth $7,775,000 after acquiring an additional 42,223 shares in the last quarter. Payne Capital LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the first quarter valued at $1,557,000. Fiduciary Alliance LLC boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 14.2% in the 1st quarter. Fiduciary Alliance LLC now owns 11,260 shares of the company’s stock valued at $859,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 13.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 498,925 shares of the company’s stock valued at $34,800,000 after purchasing an additional 58,594 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG opened at $81.30 on Friday. The firm has a market cap of $157.80 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. The firm’s 50-day simple moving average is $81.12 and its 200-day simple moving average is $74.64. iShares Core MSCI Emerging Markets ETF has a twelve month low of $59.57 and a twelve month high of $86.49.

iShares Core MSCI Emerging Markets ETF 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.