Ferguson Wellman Capital Management Inc. Purchases New Stake in iShares Core MSCI Emerging Markets ETF $IEMG

Ferguson Wellman Capital Management Inc. bought a new position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) during the first quarter, HoldingsChannel reports. The firm bought 707,493 shares of the company’s stock, valued at approximately $49,348,000.

Other large investors also recently modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. Modus Advisors LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $28,000. Provenance Wealth Advisors LLC boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 278.9% during the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock valued at $35,000 after acquiring an additional 371 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $35,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter worth about $40,000.

iShares Core MSCI Emerging Markets ETF Trading Up 0.4%

iShares Core MSCI Emerging Markets ETF stock traded up $0.30 during midday trading on Friday, reaching $81.32. 11,505,457 shares of the stock traded hands, compared to its average volume of 16,132,219. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $59.67 and a fifty-two week high of $86.49. The firm has a market cap of $157.45 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. The firm has a fifty day moving average price of $81.84 and a two-hundred day moving average price of $75.65.

iShares Core MSCI Emerging Markets ETF Profile

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.