iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Reaches New 1-Year High – What’s Next?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $76.35 and last traded at $76.35, with a volume of 1409 shares trading hands. The stock had previously closed at $73.50.

iShares Emerging Markets Equity Factor ETF Trading Down 5.4%

The firm has a 50-day moving average of $70.99 and a 200 day moving average of $64.68. The company has a market cap of $1.27 billion, a P/E ratio of 13.32 and a beta of 0.59.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in iShares Emerging Markets Equity Factor ETF by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock valued at $190,339,000 after purchasing an additional 555,561 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 50.8% in the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after buying an additional 276,482 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF in the first quarter valued at $506,000. Farther Finance Advisors LLC grew its holdings in shares of iShares Emerging Markets Equity Factor ETF by 10.5% during the fourth quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after buying an additional 7,593 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.0% during the second quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock valued at $2,120,000 after buying an additional 4,686 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.