iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) is Mechanics Financial Corp’s 10th Largest Position

Mechanics Financial Corp lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 4.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 70,095 shares of the company’s stock after buying an additional 3,083 shares during the period. iShares Core MSCI Emerging Markets ETF accounts for approximately 1.8% of Mechanics Financial Corp’s holdings, making the stock its 10th largest holding. Mechanics Financial Corp’s holdings in iShares Core MSCI Emerging Markets ETF were worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 168.2% in the first quarter. OLD Mission Capital LLC now owns 7,210,478 shares of the company’s stock worth $372,061,000 after buying an additional 4,521,769 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of iShares Core MSCI Emerging Markets ETF by 12.0% during the 2nd quarter. TIAA Trust National Association now owns 41,040,165 shares of the company’s stock worth $2,193,250,000 after acquiring an additional 4,390,144 shares during the period. Retirement Investment Advisors Inc. acquired a new position in shares of iShares Core MSCI Emerging Markets ETF during the 2nd quarter valued at about $57,724,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF in the first quarter valued at about $35,886,000. Finally, Stairway Partners LLC increased its position in iShares Core MSCI Emerging Markets ETF by 19.4% during the third quarter. Stairway Partners LLC now owns 3,146,653 shares of the company’s stock worth $180,649,000 after purchasing an additional 510,720 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock opened at $53.74 on Friday. The company has a market capitalization of $79.54 billion, a PE ratio of 11.74 and a beta of 0.85. The firm’s 50-day moving average is $56.10 and its two-hundred day moving average is $54.52. iShares Core MSCI Emerging Markets ETF has a 12 month low of $47.33 and a 12 month 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.