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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price hit a new 52-week high on Monday . The stock traded as high as $57.60 and last traded at $59.58, with a volume of 17092 shares. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Price Performance

The firm has a fifty day moving average of $57.80 and a 200 day moving average of $55.70. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

Several hedge funds have recently made changes to their positions in the company. First Citizens Financial Corp lifted its holdings in iShares Emerging Markets Equity Factor ETF by 8.4% in the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,486 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Emerging Markets Equity Factor ETF by 50.8% in the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after buying an additional 276,482 shares during the last quarter. JPMorgan Chase & Co. boosted 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 worth $190,339,000 after buying an additional 555,561 shares during the period. Root Financial Partners LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF during the third quarter valued at about $43,000. Finally, Kingswood Wealth Advisors LLC raised 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 valued at $1,541,000 after acquiring an additional 8,798 shares during the period.

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.