Edge Capital Group LLC Cuts Stock Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Edge Capital Group LLC lessened its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,978 shares of the company’s stock after selling 12,979 shares during the quarter. iShares Core MSCI Emerging Markets ETF accounts for 1.2% of Edge Capital Group LLC’s investment portfolio, making the stock its 20th largest position. Edge Capital Group LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $24,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IEMG. Ables Iannone Moore & Associates Inc. purchased a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Western Pacific Wealth Management LP lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 631.3% during the 1st quarter. Western Pacific Wealth Management LP now owns 585 shares of the company’s stock valued at $30,000 after buying an additional 505 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter worth $33,000. Kiely Wealth Advisory Group Inc. increased its holdings in iShares Core MSCI Emerging Markets ETF by 540.6% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 615 shares of the company’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the 2nd quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Stock Down 0.3 %

IEMG opened at $54.90 on Friday. The firm has a 50-day moving average price of $53.65 and a 200-day moving average price of $53.05. iShares Core MSCI Emerging Markets ETF has a twelve month low of $45.57 and a twelve month high of $55.99. The company has a market capitalization of $81.25 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.