Sumitomo Life Insurance Co. Cuts Position in iShares Core MSCI Emerging Markets ETF $IEMG

Sumitomo Life Insurance Co. trimmed its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 324,000 shares of the company’s stock after selling 142,900 shares during the period. iShares Core MSCI Emerging Markets ETF comprises about 0.6% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 26th biggest position. Sumitomo Life Insurance Co.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $21,779,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in iShares Core MSCI Emerging Markets ETF by 10.2% in the fourth quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock valued at $3,226,692,000 after purchasing an additional 4,457,585 shares during the last quarter. Bank of New York Mellon Corp increased its stake in iShares Core MSCI Emerging Markets ETF by 30.9% in the fourth quarter. Bank of New York Mellon Corp now owns 16,085,473 shares of the company’s stock valued at $1,081,266,000 after purchasing an additional 3,795,631 shares during the last quarter. Captrust Financial Advisors increased its stake in iShares Core MSCI Emerging Markets ETF by 4.6% in the third quarter. Captrust Financial Advisors now owns 8,519,766 shares of the company’s stock valued at $561,617,000 after purchasing an additional 378,430 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in iShares Core MSCI Emerging Markets ETF by 9.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,227,998 shares of the company’s stock valued at $351,426,000 after purchasing an additional 454,887 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares Core MSCI Emerging Markets ETF by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock valued at $275,557,000 after purchasing an additional 726,865 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Up 0.6%

Shares of iShares Core MSCI Emerging Markets ETF stock opened at $82.57 on Friday. The firm has a market capitalization of $160.27 billion, a P/E ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 52 week low of $57.38 and a 52 week high of $86.04. The firm’s 50 day moving average is $79.03 and its two-hundred day moving average is $73.49.

iShares Core MSCI Emerging Markets ETF Company 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.