Municipal Employees Retirement System of Michigan Buys 454,887 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Municipal Employees Retirement System of Michigan raised its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,227,998 shares of the company’s stock after buying an additional 454,887 shares during the quarter. iShares Core MSCI Emerging Markets ETF accounts for about 4.0% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 10th largest position. Municipal Employees Retirement System of Michigan’s holdings in iShares Core MSCI Emerging Markets ETF were worth $351,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in iShares Core MSCI Emerging Markets ETF in the third quarter valued at about $32,000. Your Advocates Ltd. LLP acquired a new position in iShares Core MSCI Emerging Markets ETF in the third quarter valued at about $36,000. North Star Investment Management Corp. acquired a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at about $40,000. Holos Integrated Wealth LLC acquired a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at about $52,000. Finally, Coston McIsaac & Partners bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $56,000.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of iShares Core MSCI Emerging Markets ETF stock opened at $80.57 on Friday. iShares Core MSCI Emerging Markets ETF has a 1 year low of $56.38 and a 1 year high of $83.29. The business has a 50-day moving average of $75.24 and a two-hundred day moving average of $71.91. The company has a market capitalization of $156.39 billion, a P/E ratio of 14.65 and a beta of 0.71.

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.