iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 12-Month High – Still a Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) hit a new 52-week high during trading on Monday . The stock traded as high as $57.60 and last traded at $57.3250, with a volume of 17092 shares trading hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Stock Down 0.0%

The stock has a market capitalization of $1.01 billion, a P/E ratio of 13.32 and a beta of 0.59. The stock has a 50 day simple moving average of $57.52 and a two-hundred day simple moving average of $54.29.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kickstand Ventures LLC. grew its position in shares of iShares Emerging Markets Equity Factor ETF by 9.2% in the 1st quarter. Kickstand Ventures LLC. now owns 21,777 shares of the company’s stock valued at $1,019,000 after acquiring an additional 1,833 shares during the period. Hirtle Callaghan & Co LLC grew its holdings in iShares Emerging Markets Equity Factor ETF by 1.1% during the first quarter. Hirtle Callaghan & Co LLC now owns 20,964 shares of the company’s stock worth $981,000 after purchasing an additional 218 shares during the period. Farther Finance Advisors LLC increased its position in iShares Emerging Markets Equity Factor ETF by 4.8% during the second quarter. Farther Finance Advisors LLC now owns 25,543 shares of the company’s stock worth $1,330,000 after buying an additional 1,180 shares during the last quarter. Duncan Williams Asset Management LLC bought a new stake in iShares Emerging Markets Equity Factor ETF in the second quarter valued at approximately $1,227,000. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of iShares Emerging Markets Equity Factor ETF by 51.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 18,445 shares of the company’s stock valued at $960,000 after buying an additional 6,280 shares during the last quarter.

iShares Emerging Markets Equity Factor ETF Company Profile

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.