Sumitomo Mitsui Trust Group Inc. Decreases Position in iShares Core MSCI Emerging Markets ETF $IEMG

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 527,983 shares of the company’s stock after selling 8,200 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $31,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 14.1% in the 2nd quarter. Fairway Wealth LLC now owns 116,838 shares of the company’s stock worth $7,014,000 after acquiring an additional 14,442 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 2.2% in the 2nd quarter. Princeton Global Asset Management LLC now owns 56,858 shares of the company’s stock worth $3,413,000 after acquiring an additional 1,226 shares during the last quarter. Bridges Investment Management Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 0.4% in the 1st quarter. Bridges Investment Management Inc. now owns 412,869 shares of the company’s stock worth $22,283,000 after acquiring an additional 1,774 shares during the last quarter. Fifth Third Securities Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 2.6% in the 2nd quarter. Fifth Third Securities Inc. now owns 57,252 shares of the company’s stock worth $3,437,000 after acquiring an additional 1,473 shares during the last quarter. Finally, First Merchants Corp raised its stake in iShares Core MSCI Emerging Markets ETF by 1.8% in the 2nd quarter. First Merchants Corp now owns 83,666 shares of the company’s stock worth $5,022,000 after acquiring an additional 1,453 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock opened at $68.77 on Wednesday. The firm has a market capitalization of $115.04 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. The business has a fifty day moving average of $65.15 and a 200 day moving average of $60.64. iShares Core MSCI Emerging Markets ETF has a 1 year low of $47.29 and a 1 year high of $68.86.

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.