Novem Group Invests $328,000 in iShares Emerging Markets Equity Factor ETF (BATS:EMGF)

Novem Group acquired a new position in shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,257 shares of the company’s stock, valued at approximately $328,000.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 60.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,086 shares of the company’s stock valued at $94,000 after purchasing an additional 786 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of iShares Emerging Markets Equity Factor ETF in the 4th quarter valued at about $560,000. OLD Mission Capital LLC lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 25.2% in the 4th quarter. OLD Mission Capital LLC now owns 81,520 shares of the company’s stock valued at $3,687,000 after purchasing an additional 16,395 shares during the period. Strategic Blueprint LLC lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 162.6% in the 4th quarter. Strategic Blueprint LLC now owns 35,298 shares of the company’s stock valued at $1,596,000 after purchasing an additional 21,854 shares during the period. Finally, Frontier Asset Management LLC lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 107.3% in the 4th quarter. Frontier Asset Management LLC now owns 222,076 shares of the company’s stock valued at $10,044,000 after purchasing an additional 114,972 shares during the period.

iShares Emerging Markets Equity Factor ETF Stock Up 11.1%

Shares of EMGF stock opened at $49.62 on Friday. The company has a market cap of $863.30 million, a price-to-earnings ratio of 12.62 and a beta of 0.58. iShares Emerging Markets Equity Factor ETF has a 52 week low of $41.01 and a 52 week high of $51.61. The firm has a 50 day moving average of $46.73 and a 200-day moving average of $46.68.

iShares Emerging Markets Equity Factor ETF 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.