iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Reaches New 12-Month High – Time to Buy?

Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) hit a new 52-week high on Monday . The stock traded as high as $70.42 and last traded at $70.4260, with a volume of 1081579 shares trading hands. The stock had previously closed at $70.04.

iShares Core MSCI Emerging Markets ETF Trading Up 1.2%

The stock has a market cap of $128.36 billion, a PE ratio of 14.65 and a beta of 0.65. The company’s 50 day moving average is $67.37 and its 200-day moving average is $64.84.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $32,000. Your Advocates Ltd. LLP purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $36,000. First Horizon Corp acquired a new position in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $41,000. S.A. Mason LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the second quarter valued at about $44,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter valued at about $44,000.

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.