iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) Shares Down 0.4% – Here’s Why

iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV)’s share price dropped 0.4% during trading on Monday. The stock traded as low as $73.70 and last traded at $73.76. Approximately 267,776 shares traded hands during trading, a decline of 18% from the average session volume of 325,343 shares. The stock had previously closed at $74.07.

iShares MSCI Emerging Markets Min Vol Factor ETF Price Performance

The stock’s 50-day moving average is $74.97 and its 200 day moving average is $72.82. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 16.07 and a beta of 0.44.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Min Vol Factor ETF

Several hedge funds have recently bought and sold shares of EEMV. Janney Montgomery Scott LLC grew its position in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 2.4% in the first quarter. Janney Montgomery Scott LLC now owns 42,789 shares of the company’s stock valued at $2,770,000 after purchasing an additional 985 shares during the period. Plimoth Trust Co. LLC grew its stake in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 7.8% during the 1st quarter. Plimoth Trust Co. LLC now owns 33,583 shares of the company’s stock valued at $2,174,000 after buying an additional 2,422 shares during the period. Virtu Financial LLC acquired a new stake in iShares MSCI Emerging Markets Min Vol Factor ETF during the fourth quarter worth about $1,717,000. Navellier & Associates Inc. purchased a new stake in shares of iShares MSCI Emerging Markets Min Vol Factor ETF during the 2nd quarter worth about $1,111,000. Finally, Bessemer Group Inc. raised its holdings in iShares MSCI Emerging Markets Min Vol Factor ETF by 1,662.1% in the first quarter. Bessemer Group Inc. now owns 4,000 shares of the company’s stock valued at $259,000 after buying an additional 3,773 shares during the period.

iShares MSCI Emerging Markets Min Vol Factor ETF Company Profile

The iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is an exchange-traded fund that is based on the MSCI EM Minimum Volatility (USD) index. The fund tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio. EEMV was launched on Oct 18, 2011 and is managed by BlackRock.