Bruce G. Allen Investments LLC Sells 10,071 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Bruce G. Allen Investments LLC lowered its position in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 56.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,685 shares of the company’s stock after selling 10,071 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $401,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL boosted its stake in iShares Core MSCI Emerging Markets ETF by 587.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 488 shares of the company’s stock worth $28,000 after acquiring an additional 417 shares during the last quarter. Kiely Wealth Advisory Group Inc. grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 540.6% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 615 shares of the company’s stock valued at $32,000 after buying an additional 519 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF during the second quarter worth about $33,000. Finally, Family CFO Inc bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at about $40,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG stock traded down $0.94 during mid-day trading on Friday, hitting $51.18. 9,309,821 shares of the company were exchanged, compared to its average volume of 7,944,558. The firm has a market cap of $75.75 billion, a P/E ratio of 11.74 and a beta of 0.85. iShares Core MSCI Emerging Markets ETF has a 1-year low of $47.33 and a 1-year high of $59.00. The firm’s 50 day simple moving average is $54.06 and its 200 day simple moving average is $54.57.

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.