Synergy Investment Management LLC Invests $355,000 in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Synergy Investment Management LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,790 shares of the company’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of iShares Core MSCI Emerging Markets ETF during the fourth quarter valued at approximately $108,000. Jones Financial Companies Lllp increased its position in shares of iShares Core MSCI Emerging Markets ETF by 35.9% during the fourth quarter. Jones Financial Companies Lllp now owns 961,106 shares of the company’s stock worth $50,189,000 after purchasing an additional 253,805 shares in the last quarter. Connable Office Inc. raised its stake in iShares Core MSCI Emerging Markets ETF by 5.1% in the 4th quarter. Connable Office Inc. now owns 632,931 shares of the company’s stock valued at $33,052,000 after purchasing an additional 30,656 shares during the last quarter. Noble Wealth Management PBC purchased a new position in iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at $365,000. Finally, SVB Wealth LLC boosted its stake in iShares Core MSCI Emerging Markets ETF by 312.5% during the 4th quarter. SVB Wealth LLC now owns 408,509 shares of the company’s stock worth $21,332,000 after purchasing an additional 309,471 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Down 0.8 %

Shares of NYSEARCA IEMG opened at $53.01 on Tuesday. The firm has a 50-day simple moving average of $53.26 and a 200-day simple moving average of $54.55. The stock has a market capitalization of $79.52 billion, a price-to-earnings ratio of 14.18 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 52 week low of $49.47 and a 52 week high of $59.00.

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.