iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Shares Up 2.6% – Time to Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares rose 2.6% during mid-day trading on Monday . The company traded as high as $73.83 and last traded at $73.77. Approximately 74,774 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 155,409 shares. The stock had previously closed at $71.90.

iShares Emerging Markets Equity Factor ETF Price Performance

The stock has a market capitalization of $1.30 billion, a P/E ratio of 13.32 and a beta of 0.59. The stock’s 50-day simple moving average is $70.59 and its 200 day simple moving average is $68.97.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

A number of institutional investors have recently modified their holdings of the business. Navellier & Associates Inc. bought a new stake in shares of iShares Emerging Markets Equity Factor ETF during the 2nd quarter worth $1,666,000. Worth Asset Management LLC acquired a new stake in iShares Emerging Markets Equity Factor ETF in the first quarter valued at about $506,000. First Citizens Financial Corp grew its position in iShares Emerging Markets Equity Factor ETF by 13.7% in the second quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after acquiring an additional 3,129 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in iShares Emerging Markets Equity Factor ETF in the second quarter valued at about $203,000. Finally, EverSource Wealth Advisors LLC raised its stake in iShares Emerging Markets Equity Factor ETF by 38.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after acquiring an additional 445 shares in 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.