Financial Management Professionals Inc. Acquires 85,595 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Financial Management Professionals Inc. grew its holdings in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,519 shares of the company’s stock after buying an additional 85,595 shares during the period. iShares Core MSCI Emerging Markets ETF accounts for about 3.2% of Financial Management Professionals Inc.’s portfolio, making the stock its 12th biggest holding. Financial Management Professionals Inc.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $25,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IEMG. Strategic Investment Solutions Inc. IL raised its holdings in iShares Core MSCI Emerging Markets ETF by 587.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 488 shares of the company’s stock valued at $28,000 after acquiring an additional 417 shares during the period. Western Pacific Wealth Management LP increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 631.3% during 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. Kiely Wealth Advisory Group Inc. lifted its holdings in 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 purchasing an additional 519 shares during the last quarter. Zions Bancorporation N.A. bought a new stake in iShares Core MSCI Emerging Markets ETF in the 2nd quarter valued at $33,000. Finally, Olistico Wealth LLC acquired a new position in iShares Core MSCI Emerging Markets ETF in the 2nd quarter valued at $40,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

IEMG opened at $56.33 on Friday. The stock has a fifty day moving average of $55.70 and a 200-day moving average of $54.05. The company has a market capitalization of $83.37 billion, a P/E ratio of 11.74 and a beta of 0.85. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $45.60 and a fifty-two week 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.