Sumitomo Life Insurance Co. Has $12.06 Million Stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Sumitomo Life Insurance Co. cut its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 58.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the company’s stock after selling 297,400 shares during the quarter. iShares Core MSCI Emerging Markets ETF accounts for 0.2% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 24th biggest holding. Sumitomo Life Insurance Co.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $12,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IEMG. Western Pacific Wealth Management LP lifted its position in iShares Core MSCI Emerging Markets ETF by 631.3% in the first quarter. Western Pacific Wealth Management LP now owns 585 shares of the company’s stock worth $30,000 after purchasing an additional 505 shares during the period. Zions Bancorporation N.A. bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $33,000. Kiely Wealth Advisory Group Inc. lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 540.6% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 615 shares of the company’s stock worth $32,000 after buying an additional 519 shares during the period. Innealta Capital LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF in the 2nd quarter valued at $40,000. Finally, Olistico Wealth LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the second quarter valued at $40,000.

iShares Core MSCI Emerging Markets ETF Stock Up 0.9 %

iShares Core MSCI Emerging Markets ETF stock traded up $0.49 during mid-day trading on Wednesday, hitting $56.95. 555,147 shares of the company were exchanged, compared to its average volume of 9,785,261. iShares Core MSCI Emerging Markets ETF has a 1-year low of $45.57 and a 1-year high of $59.00. The business has a fifty day moving average of $55.10 and a 200 day moving average of $53.80. The company has a market capitalization of $84.29 billion, a PE ratio of 11.74 and a beta of 0.85.

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.