Parallel Advisors LLC Raises Position in iShares Core MSCI Emerging Markets ETF $IEMG

Parallel Advisors LLC increased its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 25.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 423,028 shares of the company’s stock after buying an additional 84,544 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $29,506,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 7.3% during the fourth quarter. Fortitude Family Office LLC now owns 133,389 shares of the company’s stock worth $8,966,000 after purchasing an additional 9,117 shares in the last quarter. Ayalon Insurance Comp Ltd. grew its holdings in iShares Core MSCI Emerging Markets ETF by 48.2% during the 4th quarter. Ayalon Insurance Comp Ltd. now owns 289,775 shares of the company’s stock valued at $19,479,000 after purchasing an additional 94,255 shares in the last quarter. Farther Finance Advisors LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 34.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,278,606 shares of the company’s stock worth $85,948,000 after buying an additional 329,464 shares during the period. Western Wealth Management LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 73.5% during the 4th quarter. Western Wealth Management LLC now owns 53,737 shares of the company’s stock worth $3,612,000 after buying an additional 22,764 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 20.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 175,066 shares of the company’s stock worth $11,768,000 after buying an additional 29,977 shares during the period.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock opened at $76.98 on Monday. The company’s fifty day moving average price is $81.58 and its two-hundred day moving average price is $76.12. The firm has a market capitalization of $149.05 billion, a P/E ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 12 month low of $59.67 and a 12 month high of $86.49.

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.