Richardson Financial Services Inc. Boosts Stock Position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Richardson Financial Services Inc. increased its position in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,894 shares of the company’s stock after acquiring an additional 835 shares during the quarter. iShares Core MSCI Emerging Markets ETF comprises approximately 1.4% of Richardson Financial Services Inc.’s holdings, making the stock its 13th biggest position. Richardson Financial Services Inc.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $2,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lynx Investment Advisory bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the second quarter worth approximately $148,000. First Merchants Corp lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 2.2% during the 2nd quarter. First Merchants Corp now owns 64,729 shares of the company’s stock valued at $3,465,000 after buying an additional 1,406 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 6.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 153,220 shares of the company’s stock worth $8,202,000 after buying an additional 8,776 shares during the period. Mill Creek Capital Advisors LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 25.3% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 2,195,615 shares of the company’s stock worth $117,531,000 after buying an additional 442,859 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in iShares Core MSCI Emerging Markets ETF by 19.1% during the first quarter. Hexagon Capital Partners LLC now owns 13,955 shares of the company’s stock valued at $720,000 after acquiring an additional 2,242 shares during the period.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA IEMG traded down $0.06 during mid-day trading on Friday, reaching $56.33. The company’s stock had a trading volume of 4,442,219 shares, compared to its average volume of 9,784,701. iShares Core MSCI Emerging Markets ETF has a 52 week low of $45.60 and a 52 week high of $59.00. The stock has a fifty day moving average of $55.70 and a two-hundred day moving average of $54.05. The firm has a market capitalization of $83.37 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.