First Citizens Investor Services Inc. Purchases New Position in iShares Core MSCI Emerging Markets ETF $IEMG

First Citizens Investor Services Inc. acquired a new position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 105,711 shares of the company’s stock, valued at approximately $6,968,000. iShares Core MSCI Emerging Markets ETF comprises approximately 2.7% of First Citizens Investor Services Inc.’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 16.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 42,710,758 shares of the company’s stock valued at $2,563,927,000 after purchasing an additional 5,997,621 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares Core MSCI Emerging Markets ETF by 36.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,289,842 shares of the company’s stock valued at $810,146,000 after purchasing an additional 3,277,237 shares during the last quarter. Venturi Wealth Management LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 79.5% in the third quarter. Venturi Wealth Management LLC now owns 2,412,345 shares of the company’s stock valued at $159,022,000 after buying an additional 1,068,396 shares in the last quarter. Nationwide Fund Advisors grew its stake in iShares Core MSCI Emerging Markets ETF by 37.6% during the second quarter. Nationwide Fund Advisors now owns 3,499,869 shares of the company’s stock worth $210,097,000 after buying an additional 957,222 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 31.2% during the second quarter. Ameriprise Financial Inc. now owns 3,450,870 shares of the company’s stock worth $207,354,000 after buying an additional 819,923 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG opened at $73.15 on Wednesday. The company has a market capitalization of $138.82 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a one year low of $47.29 and a one year high of $74.70. The business’s 50 day simple moving average is $68.98 and its 200-day simple moving average is $66.25.

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.