iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 52-Week High – Time to Buy?

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

iShares Emerging Markets Equity Factor ETF Trading Up 0.5%

The firm has a 50-day simple moving average of $70.59 and a two-hundred day simple moving average of $64.45. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 19.8% in 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 during the last quarter. Ameriprise Financial Inc. increased its position 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 worth $46,484,000 after buying an additional 276,482 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in 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 in the last quarter. Captrust Financial Advisors raised its holdings in 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 in the last quarter. Finally, Kickstand Ventures LLC. lifted its position in shares of iShares Emerging Markets Equity Factor ETF by 0.7% in the fourth quarter. Kickstand Ventures LLC. now owns 22,519 shares of the company’s stock worth $1,303,000 after buying an additional 158 shares during the last quarter.

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.