IEMG Stock Summary and Trading Ideas (iShares Core MSCI Emerging Markets ETF | ARCA:IEMG)

The iShares Core MSCI Emerging Markets ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Investable Market Index.

iShares Core MSCI Emerging Markets ETF trades on the ARCA stock market under the symbol IEMG.

As of April 24, 2024, IEMG stock price climbed to $51.13 with 7,702,829 million shares trading.

IEMG has a beta of 0.85, meaning it tends to be less sensitive to market movements. IEMG has a correlation of 0.56 to the broad based SPY ETF.

IEMG has a market cap of $75.56 billion. This is considered a Large Cap stock.

In the last 3 years, IEMG stock traded as high as $68.18 and as low as $41.44.

IEMG has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +24.2%. However, in the short term, IEMG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.7% vs +4.6% return in SPY. But in the last 2 weeks, IEMG shares have been beat by the market, returning -2.7% compared to an SPY return of -2.7%.

IEMG support price is $50.54 and resistance is $51.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IEMG stock will trade within this expected range on the day.