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

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) hit a new 52-week high on Friday . The company traded as high as $78.27 and last traded at $78.12, with a volume of 269874 shares trading hands. The stock had previously closed at $76.64.

iShares Core MSCI Emerging Markets ETF Stock Up 2.3%

The business’s 50 day moving average is $72.74 and its two-hundred day moving average is $69.80. The firm has a market capitalization of $152.14 billion, a P/E ratio of 14.65 and a beta of 0.66.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC bought a new stake in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $28,000. Cloud Capital Management LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the third quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in iShares Core MSCI Emerging Markets ETF during the fourth quarter worth about $35,000. Finally, Your Advocates Ltd. LLP acquired a new position in iShares Core MSCI Emerging Markets ETF during the third quarter worth about $36,000.

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.