Stairway Partners LLC Sells 698,759 Shares of iShares Core MSCI Emerging Markets ETF $IEMG

Stairway Partners LLC lessened its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 22.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,481,939 shares of the company’s stock after selling 698,759 shares during the period. iShares Core MSCI Emerging Markets ETF comprises approximately 9.7% of Stairway Partners LLC’s holdings, making the stock its 5th largest holding. Stairway Partners LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $205,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IEMG. Cornerstone Financial Management LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. Modus Advisors LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Archer Investment Corp boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 148.1% in the first quarter. Archer Investment Corp now owns 459 shares of the company’s stock valued at $32,000 after buying an additional 274 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at approximately $35,000. Finally, Provenance Wealth Advisors LLC increased its position in shares of iShares Core MSCI Emerging Markets ETF by 278.9% during the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after acquiring an additional 371 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Up 0.6%

Shares of IEMG stock opened at $78.11 on Tuesday. iShares Core MSCI Emerging Markets ETF has a 12-month low of $60.35 and a 12-month high of $86.49. The firm has a fifty day moving average of $80.87 and a 200-day moving average of $76.75. The company has a market capitalization of $151.42 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72.

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.