iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) Reaches New 52-Week High – What’s Next?

iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) shares hit a new 52-week high on Wednesday . The stock traded as high as $68.48 and last traded at $68.45, with a volume of 3397 shares changing hands. The stock had previously closed at $68.08.

iShares MSCI Emerging Markets Min Vol Factor ETF Stock Up 0.6%

The company has a market capitalization of $4.96 billion, a PE ratio of 16.07 and a beta of 0.44. The stock’s fifty day moving average price is $65.46 and its two-hundred day moving average price is $64.49.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Min Vol Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 24.0% during the second quarter. Rhumbline Advisers now owns 392,270 shares of the company’s stock valued at $24,635,000 after buying an additional 76,005 shares during the period. Rock Creek Group LP purchased a new stake in iShares MSCI Emerging Markets Min Vol Factor ETF in the second quarter worth $2,215,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI Emerging Markets Min Vol Factor ETF by 28.0% in the second quarter. JPMorgan Chase & Co. now owns 335,762 shares of the company’s stock worth $21,086,000 after purchasing an additional 73,502 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 26.9% during the 3rd quarter. Parallel Advisors LLC now owns 42,311 shares of the company’s stock valued at $2,701,000 after buying an additional 8,958 shares in the last quarter. Finally, Novak & Powell Financial Services Inc. purchased a new stake in shares of iShares MSCI Emerging Markets Min Vol Factor ETF in the 3rd quarter worth about $289,000.

About iShares MSCI Emerging Markets Min Vol Factor ETF

The iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is an exchange-traded fund that is based on the MSCI EM Minimum Volatility (USD) index. The fund tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio. EEMV was launched on Oct 18, 2011 and is managed by BlackRock.