Lido Advisors LLC bought a new stake in iShares Inc. (NYSEARCA:IEMG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,962 shares of the company’s stock, valued at approximately $225,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Willingdon Wealth Management raised its stake in iShares by 18.0% in the 4th quarter. Willingdon Wealth Management now owns 11,780 shares of the company’s stock valued at $670,000 after purchasing an additional 1,798 shares during the last quarter. Sequoia Wealth Management LLC purchased a new stake in iShares in the 4th quarter valued at $3,090,000. Bank of Montreal Can grew its holdings in iShares by 59.9% in the 4th quarter. Bank of Montreal Can now owns 97,510 shares of the company’s stock valued at $5,549,000 after buying an additional 36,545 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in iShares by 5.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 4,945,647 shares of the company’s stock valued at $281,408,000 after buying an additional 256,787 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of iShares by 2.3% during the 4th quarter. BlackRock Inc. now owns 36,890,832 shares of the company’s stock worth $2,099,088,000 after purchasing an additional 842,404 shares during the period.
IEMG traded down $1.06 during mid-day trading on Friday, hitting $57.02. 14,237,220 shares of the stock were exchanged, compared to its average volume of 12,972,123. iShares Inc. has a 1-year low of $47.15 and a 1-year high of $62.70.
ILLEGAL ACTIVITY NOTICE: “Lido Advisors LLC Takes $225,000 Position in iShares Inc. (IEMG)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2018/04/08/lido-advisors-llc-acquires-new-holdings-in-ishares-inc-iemg.html.
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