iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sets New 52-Week High – Here’s What Happened

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.60 and last traded at $60.82, 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 market capitalization of $1.08 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59. The business’s fifty day simple moving average is $57.87 and its 200 day simple moving average is $55.89.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $190,339,000 after acquiring an additional 555,561 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares Emerging Markets Equity Factor ETF by 50.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after purchasing an additional 276,482 shares in the last quarter. Farther Finance Advisors LLC increased its stake in iShares Emerging Markets Equity Factor ETF by 183.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 72,477 shares of the company’s stock valued at $4,101,000 after purchasing an additional 46,934 shares in the last quarter. Captrust Financial Advisors raised its holdings in iShares Emerging Markets Equity Factor ETF by 13.0% during the second quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock worth $2,120,000 after buying an additional 4,686 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF in the second quarter valued at $1,931,000.

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.