Kennebec Savings Bank Cuts Holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Kennebec Savings Bank decreased its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 60.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,408 shares of the company’s stock after selling 9,784 shares during the period. Kennebec Savings Bank’s holdings in iShares Core MSCI Emerging Markets ETF were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $266,000. Appleton Partners Inc. MA increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 2.2% during the fourth quarter. Appleton Partners Inc. MA now owns 251,455 shares of the company’s stock worth $13,131,000 after purchasing an additional 5,464 shares in the last quarter. Mill Creek Capital Advisors LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 2.9% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 2,297,324 shares of the company’s stock worth $119,966,000 after purchasing an additional 65,785 shares in the last quarter. Quent Capital LLC increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 9.5% during the fourth quarter. Quent Capital LLC now owns 687,766 shares of the company’s stock worth $35,915,000 after purchasing an additional 59,903 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 7.9% during the fourth quarter. Leavell Investment Management Inc. now owns 71,756 shares of the company’s stock worth $3,747,000 after purchasing an additional 5,244 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Up 0.4%

IEMG stock opened at $58.49 on Friday. The stock has a market capitalization of $90.07 billion, a P/E ratio of 14.12 and a beta of 0.64. The firm has a 50-day simple moving average of $54.57 and a 200-day simple moving average of $54.09. iShares Core MSCI Emerging Markets ETF has a 52 week low of $47.29 and a 52 week high of $59.00.

iShares Core MSCI Emerging Markets ETF Company 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.