Red Cedar Investment Management LLC Buys 5,550 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Red Cedar Investment Management LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,031 shares of the company’s stock after purchasing an additional 5,550 shares during the period. iShares Core MSCI Emerging Markets ETF makes up approximately 2.8% of Red Cedar Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. Red Cedar Investment Management LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $19,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TIAA Trust National Association bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the 3rd quarter valued at $1,600,100,000. JPMorgan Chase & Co. raised its position in shares of iShares Core MSCI Emerging Markets ETF by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 24,138,170 shares of the company’s stock worth $1,148,743,000 after purchasing an additional 1,271,596 shares during the period. United Services Automobile Association lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 13.9% during the 3rd quarter. United Services Automobile Association now owns 4,547,343 shares of the company’s stock valued at $216,408,000 after purchasing an additional 556,025 shares in the last quarter. Stairway Partners LLC grew its position in shares of iShares Core MSCI Emerging Markets ETF by 2.2% in the 4th quarter. Stairway Partners LLC now owns 1,739,620 shares of the company’s stock valued at $87,990,000 after purchasing an additional 37,701 shares during the period. Finally, Retirement Investment Advisors Inc. increased its stake in iShares Core MSCI Emerging Markets ETF by 38.8% during the 3rd quarter. Retirement Investment Advisors Inc. now owns 1,580,887 shares of the company’s stock worth $75,234,000 after purchasing an additional 442,304 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG traded up $0.47 during trading on Friday, reaching $53.44. The company had a trading volume of 8,623,647 shares, compared to its average volume of 10,557,680. The company has a market cap of $79.09 billion, a P/E ratio of 11.74 and a beta of 0.85. iShares Core MSCI Emerging Markets ETF has a 12 month low of $45.57 and a 12 month high of $53.45. The business’s fifty day moving average price is $51.36 and its 200 day moving average price is $49.82.

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.