iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 12-Month High – What’s Next?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) hit a new 52-week high on Tuesday . The stock traded as high as $73.54 and last traded at $73.40, with a volume of 6651 shares changing hands. The stock had previously closed at $70.78.

iShares Emerging Markets Equity Factor ETF Trading Up 3.9%

The firm has a fifty day moving average of $65.71 and a two-hundred day moving average of $62.33. The company has a market cap of $1.29 billion, a PE ratio of 13.32 and a beta of 0.59.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of EMGF. Root Financial Partners LLC bought a new stake in shares of iShares Emerging Markets Equity Factor ETF in the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC grew its stake in iShares Emerging Markets Equity Factor ETF by 38.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $97,000 after buying an additional 445 shares in the last quarter. Worth Asset Management LLC purchased a new position in iShares Emerging Markets Equity Factor ETF in the 1st quarter valued at approximately $506,000. Captrust Financial Advisors raised its holdings in iShares Emerging Markets Equity Factor ETF by 2.2% during 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, First Citizens Financial Corp raised its holdings in iShares Emerging Markets Equity Factor ETF by 8.4% during the 4th 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 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.