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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.97 and last traded at $67.78, with a volume of 8206 shares traded. The stock had previously closed at $66.57.

iShares Emerging Markets Equity Factor ETF Trading Up 2.4%

The business has a 50 day simple moving average of $63.06 and a 200-day simple moving average of $60.18. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

A number of hedge funds have recently added to or reduced their stakes in EMGF. Root Financial Partners LLC acquired a new stake in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth about $43,000. Private Trust Co. NA acquired a new stake in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth about $113,000. Captrust Financial Advisors boosted its stake 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 worth $1,084,000 after buying an additional 398 shares during the last quarter. First Citizens Financial Corp boosted its stake in iShares Emerging Markets Equity Factor ETF by 8.4% in the 4th quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock worth $1,107,000 after buying an additional 1,486 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC boosted its stake 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 worth $1,233,000 after buying an additional 350 shares during the last quarter.

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.