iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sets New 52-Week High – What’s Next?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares reached a new 52-week high on Monday . The stock traded as high as $57.60 and last traded at $57.79, with a volume of 17092 shares traded. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Trading Up 0.9%

The stock has a market capitalization of $1.02 billion, a P/E ratio of 13.32 and a beta of 0.59. The firm’s fifty day moving average is $57.73 and its 200-day moving average is $55.39.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in iShares Emerging Markets Equity Factor ETF in the second quarter valued at about $35,000. Root Financial Partners LLC bought a new position in iShares Emerging Markets Equity Factor ETF in the 3rd quarter valued at approximately $43,000. Private Trust Co. NA acquired a new stake in iShares Emerging Markets Equity Factor ETF in the third quarter valued at approximately $113,000. Financial Freedom LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 17.2% during the second quarter. Financial Freedom LLC now owns 14,280 shares of the company’s stock worth $744,000 after buying an additional 2,092 shares during the last quarter. Finally, First Citizens Financial Corp increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 18.9% during the third quarter. First Citizens Financial Corp now owns 17,649 shares of the company’s stock worth $999,000 after buying an additional 2,801 shares in 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.