Sumitomo Mitsui Trust Group Inc. Decreases Stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Sumitomo Mitsui Trust Group Inc. cut its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,283 shares of the company’s stock after selling 48,854 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $29,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IEMG. JPMorgan Chase & Co. raised its holdings in shares of iShares Core MSCI Emerging Markets ETF by 20.4% in the third quarter. JPMorgan Chase & Co. now owns 33,254,649 shares of the company’s stock valued at $1,909,149,000 after purchasing an additional 5,631,725 shares during the last quarter. Captrust Financial Advisors raised its position in iShares Core MSCI Emerging Markets ETF by 8.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,017,769 shares of the company’s stock worth $345,482,000 after buying an additional 471,879 shares during the last quarter. Strategic Investment Management LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 139.6% during the 4th quarter. Strategic Investment Management LLC now owns 635,003 shares of the company’s stock valued at $33,160,000 after acquiring an additional 369,950 shares during the period. Stairway Partners LLC grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 9.2% during the 4th quarter. Stairway Partners LLC now owns 3,434,784 shares of the company’s stock valued at $179,364,000 after acquiring an additional 288,131 shares during the period. Finally, 49 Wealth Management LLC lifted its holdings in iShares Core MSCI Emerging Markets ETF by 169.8% in the 3rd quarter. 49 Wealth Management LLC now owns 384,468 shares of the company’s stock worth $22,072,000 after purchasing an additional 241,950 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

NYSEARCA:IEMG opened at $53.97 on Wednesday. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $49.05 and a fifty-two week high of $59.00. The stock’s fifty day moving average is $53.16 and its 200 day moving average is $54.34. The firm has a market capitalization of $79.88 billion, a PE 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.