iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Trading Up 0.2% – Should You Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price traded up 0.2% on Thursday . The stock traded as high as $61.57 and last traded at $61.26. 188,158 shares changed hands during trading, an increase of 27% from the average session volume of 147,929 shares. The stock had previously closed at $61.11.

iShares Emerging Markets Equity Factor ETF Stock Up 0.2%

The firm’s 50-day moving average is $63.11 and its 200-day moving average is $59.28. The company has a market capitalization of $1.08 billion, a PE ratio of 13.32 and a beta of 0.59.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kickstand Ventures LLC. raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 0.7% during the 4th quarter. Kickstand Ventures LLC. now owns 22,519 shares of the company’s stock valued at $1,303,000 after buying an additional 158 shares in the last quarter. Hirtle Callaghan & Co LLC lifted its position in iShares Emerging Markets Equity Factor ETF by 1.7% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock worth $1,233,000 after buying an additional 350 shares during the last quarter. Captrust Financial Advisors boosted its stake in iShares Emerging Markets Equity Factor ETF by 2.2% in the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after buying an additional 398 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares Emerging Markets Equity Factor ETF in the second quarter worth approximately $35,000. Finally, Root Financial Partners LLC bought a new position in iShares Emerging Markets Equity Factor ETF during the third quarter valued at approximately $43,000.

About iShares Emerging Markets Equity Factor ETF

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.