iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sets New 52-Week High – Should You Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares reached a new 52-week high on Wednesday . The stock traded as high as $70.27 and last traded at $69.96, with a volume of 99745 shares trading hands. The stock had previously closed at $68.59.

iShares Emerging Markets Equity Factor ETF Stock Up 2.0%

The company has a market capitalization of $1.23 billion, a PE ratio of 13.32 and a beta of 0.59. The company’s 50 day moving average is $63.66 and its two-hundred day moving average is $61.06.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Several institutional investors have recently bought and sold shares of EMGF. JPMorgan Chase & Co. grew its stake in iShares Emerging Markets Equity Factor ETF by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock valued at $190,339,000 after acquiring an additional 555,561 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares Emerging Markets Equity Factor ETF by 50.8% during the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after acquiring an additional 276,482 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 47.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 27,243 shares of the company’s stock worth $1,541,000 after buying an additional 8,798 shares in the last quarter. Worth Asset Management LLC purchased a new position in shares of iShares Emerging Markets Equity Factor ETF in the 1st quarter worth $506,000. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 10.5% in the 4th quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock worth $4,632,000 after buying an additional 7,593 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.