Horizon Investments LLC Grows Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Horizon Investments LLC raised its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 146.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,374,861 shares of the company’s stock after acquiring an additional 817,785 shares during the quarter. iShares Core MSCI Emerging Markets ETF makes up approximately 2.1% of Horizon Investments LLC’s holdings, making the stock its 9th biggest position. Horizon Investments LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $71,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IEMG. BIP Wealth LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 97.8% in the 3rd quarter. BIP Wealth LLC now owns 12,125 shares of the company’s stock valued at $696,000 after buying an additional 5,994 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of iShares Core MSCI Emerging Markets ETF by 14.9% in the third quarter. Avior Wealth Management LLC now owns 62,649 shares of the company’s stock valued at $3,597,000 after acquiring an additional 8,101 shares during the last quarter. 49 Wealth Management LLC raised its holdings in iShares Core MSCI Emerging Markets ETF by 169.8% during the third quarter. 49 Wealth Management LLC now owns 384,468 shares of the company’s stock worth $22,072,000 after acquiring an additional 241,950 shares in the last quarter. First County Bank CT grew its stake in iShares Core MSCI Emerging Markets ETF by 76.8% in the third quarter. First County Bank CT now owns 14,773 shares of the company’s stock valued at $848,000 after purchasing an additional 6,417 shares in the last quarter. Finally, Okabena Investment Services Inc. increased its position in shares of iShares Core MSCI Emerging Markets ETF by 27.3% during the 3rd quarter. Okabena Investment Services Inc. now owns 37,290 shares of the company’s stock worth $2,141,000 after purchasing an additional 8,000 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Trading Up 1.7 %

NYSEARCA IEMG opened at $55.94 on Tuesday. iShares Core MSCI Emerging Markets ETF has a 12 month low of $49.47 and a 12 month high of $59.00. The stock has a 50 day moving average of $53.63 and a 200-day moving average of $54.55. The company has a market cap of $85.59 billion, a PE ratio of 14.82 and a beta of 0.74.

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.