iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sets New 12-Month High – Here’s Why

Shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $73.26 and last traded at $73.11, with a volume of 162391 shares traded. The stock had previously closed at $73.04.

iShares Emerging Markets Equity Factor ETF Trading Up 0.1%

The company’s 50-day simple moving average is $64.13 and its 200-day simple moving average is $61.48. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in iShares Emerging Markets Equity Factor ETF by 10.5% in the 4th quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after acquiring an additional 7,593 shares during the period. Hirtle Callaghan & Co LLC increased its position in iShares Emerging Markets Equity Factor ETF by 1.7% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock valued at $1,233,000 after acquiring an additional 350 shares during the period. Worth Asset Management LLC acquired a new position in iShares Emerging Markets Equity Factor ETF in the 1st quarter valued at approximately $506,000. Captrust Financial Advisors increased its position in iShares Emerging Markets Equity Factor ETF by 2.2% in the 4th quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after acquiring an additional 398 shares during the period. Finally, JPMorgan Chase & Co. increased its position in 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 acquiring an additional 555,561 shares during the period.

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.