iShares Core MSCI Emerging Markets ETF $IEMG is First United Bank & Trust’s 10th Largest Position

First United Bank & Trust grew its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 61.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 111,469 shares of the company’s stock after buying an additional 42,223 shares during the quarter. iShares Core MSCI Emerging Markets ETF makes up approximately 2.5% of First United Bank & Trust’s portfolio, making the stock its 10th largest holding. First United Bank & Trust’s holdings in iShares Core MSCI Emerging Markets ETF were worth $7,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEMG. Cornerstone Financial Management LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Provenance Wealth Advisors LLC lifted its stake in iShares Core MSCI Emerging Markets ETF by 278.9% in the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock valued at $35,000 after buying an additional 371 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $35,000. Finally, North Star Investment Management Corp. purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter worth approximately $40,000.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of iShares Core MSCI Emerging Markets ETF stock opened at $81.30 on Friday. The firm’s fifty day simple moving average is $81.12 and its 200-day simple moving average is $74.64. iShares Core MSCI Emerging Markets ETF has a 12 month low of $59.57 and a 12 month high of $86.49. The stock has a market capitalization of $157.80 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72.

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.