Root Financial Partners LLC Purchases 11,868 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Root Financial Partners LLC increased its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 105.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,136 shares of the company’s stock after acquiring an additional 11,868 shares during the period. Root Financial Partners LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $1,614,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 3.0% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 4,655 shares of the company’s stock worth $313,000 after purchasing an additional 135 shares in the last quarter. Collier Financial lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 2.9% during the fourth quarter. Collier Financial now owns 5,254 shares of the company’s stock valued at $353,000 after purchasing an additional 148 shares in the last quarter. Montecito Bank & Trust boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 0.9% during the first quarter. Montecito Bank & Trust now owns 17,086 shares of the company’s stock valued at $1,192,000 after buying an additional 155 shares during the last quarter. Main Management LLC increased its holdings in iShares Core MSCI Emerging Markets ETF by 1.0% in the 4th quarter. Main Management LLC now owns 15,705 shares of the company’s stock worth $1,056,000 after buying an additional 158 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in iShares Core MSCI Emerging Markets ETF by 1.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 17,957 shares of the company’s stock worth $1,207,000 after buying an additional 170 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG opened at $80.63 on Thursday. The company’s 50-day simple moving average is $81.38 and its two-hundred day simple moving average is $74.99. The stock has a market capitalization of $156.12 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 $59.60 and a 52-week high of $86.49.

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.