Ameriprise Financial Inc. Increases Stock Position in iShares Core MSCI Emerging Markets ETF $IEMG

Ameriprise Financial Inc. boosted its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 21.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,177,735 shares of the company’s stock after purchasing an additional 726,865 shares during the period. Ameriprise Financial Inc. owned approximately 0.25% of iShares Core MSCI Emerging Markets ETF worth $275,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $32,000. Your Advocates Ltd. LLP acquired a new position in shares of iShares Core MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $36,000. First Horizon Corp purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $41,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $44,000. Finally, United Community Bank acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF during the third quarter worth approximately $63,000.

iShares Core MSCI Emerging Markets ETF Trading Up 2.7%

IEMG stock opened at $71.61 on Tuesday. The firm has a 50 day simple moving average of $72.89 and a 200-day simple moving average of $68.73. The company has a market capitalization of $136.85 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a twelve month low of $47.29 and a twelve month high of $77.68.

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.