Verition Fund Management LLC purchased a new position in iShares Inc. (NYSEARCA:IEMG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 221,957 shares of the company’s stock, valued at approximately $12,629,000. iShares comprises about 1.2% of Verition Fund Management LLC’s holdings, making the stock its 6th largest holding.
A number of other institutional investors have also added to or reduced their stakes in IEMG. Retirement Systems of Alabama acquired a new stake in iShares in the fourth quarter worth about $432,601,000. Creative Planning raised its position in iShares by 8.6% in the fourth quarter. Creative Planning now owns 27,306,906 shares of the company’s stock worth $1,553,763,000 after acquiring an additional 2,169,083 shares in the last quarter. Nationwide Fund Advisors bought a new stake in iShares in the fourth quarter worth about $121,790,000. Nisa Investment Advisors LLC raised its position in iShares by 297.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,742,203 shares of the company’s stock worth $153,919,000 after acquiring an additional 2,052,298 shares in the last quarter. Finally, Wealthfront Inc. raised its position in iShares by 26.2% in the fourth quarter. Wealthfront Inc. now owns 8,795,247 shares of the company’s stock worth $500,450,000 after acquiring an additional 1,824,021 shares in the last quarter.
Shares of iShares stock opened at $57.02 on Friday. iShares Inc. has a 52 week low of $47.15 and a 52 week high of $62.70.
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