iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 1-Year High – Here’s What Happened

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) reached a new 52-week high on Monday . The stock traded as high as $57.60 and last traded at $63.99, with a volume of 17092 shares trading hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Stock Performance

The company has a market cap of $1.13 billion, a P/E ratio of 13.32 and a beta of 0.59. The firm has a 50 day moving average price of $59.66 and a 200-day moving average price of $57.24.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 29.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,808,510 shares of the company’s stock worth $146,239,000 after buying an additional 632,394 shares during the period. Financial Freedom LLC lifted its position in iShares Emerging Markets Equity Factor ETF by 17.2% during the 2nd quarter. Financial Freedom LLC now owns 14,280 shares of the company’s stock worth $744,000 after acquiring an additional 2,092 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in iShares Emerging Markets Equity Factor ETF during the second quarter valued at about $35,000. Flow Traders U.S. LLC bought a new stake in iShares Emerging Markets Equity Factor ETF during the second quarter valued at about $1,931,000. Finally, Ameriprise Financial Inc. grew its position in shares of iShares Emerging Markets Equity Factor ETF by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 544,474 shares of the company’s stock valued at $28,455,000 after purchasing an additional 33,952 shares during 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.