iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sets New 52-Week High – Still a Buy?

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)’s share price reached a new 52-week high on Friday . The company traded as high as $79.02 and last traded at $78.90, with a volume of 930088 shares traded. The stock had previously closed at $78.49.

iShares Core MSCI Emerging Markets ETF Stock Performance

The stock has a market cap of $152.89 billion, a price-to-earnings ratio of 14.65 and a beta of 0.66. The stock’s 50-day simple moving average is $73.31 and its two-hundred day simple moving average is $70.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Modus Advisors LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth $28,000. Cloud Capital Management LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the 3rd quarter worth $32,000. Provenance Wealth Advisors LLC lifted its position in iShares Core MSCI Emerging Markets ETF by 278.9% during the 1st quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after acquiring an additional 371 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth $35,000.

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.