Lazari Capital Management Inc. Buys New Shares in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Lazari Capital Management Inc. bought a new stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,764 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RiverFront Investment Group LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 11.6% in the second quarter. RiverFront Investment Group LLC now owns 407,079 shares of the company’s stock valued at $21,791,000 after buying an additional 42,287 shares in the last quarter. Next Capital Management LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 6.3% during the second quarter. Next Capital Management LLC now owns 67,294 shares of the company’s stock worth $3,602,000 after purchasing an additional 3,961 shares during the period. Magnolia Capital Advisors LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 205.4% during the second quarter. Magnolia Capital Advisors LLC now owns 57,949 shares of the company’s stock worth $3,102,000 after purchasing an additional 38,975 shares during the period. Arkos Global Advisors boosted its position in iShares Core MSCI Emerging Markets ETF by 4.3% during the second quarter. Arkos Global Advisors now owns 231,589 shares of the company’s stock worth $12,397,000 after purchasing an additional 9,486 shares during the period. Finally, First County Bank CT boosted its position in iShares Core MSCI Emerging Markets ETF by 6.2% during the second quarter. First County Bank CT now owns 8,356 shares of the company’s stock worth $447,000 after purchasing an additional 486 shares during the period.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG stock opened at $57.76 on Wednesday. The company has a fifty day moving average price of $54.05 and a two-hundred day moving average price of $53.34. iShares Core MSCI Emerging Markets ETF has a one year low of $45.57 and a one year high of $58.66. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85.

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.