iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Price Down 1.4% – What’s Next?

Shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF) were down 1.4% during mid-day trading on Friday . The company traded as low as $66.29 and last traded at $67.68. 145,722 shares traded hands during trading, a decline of 7% from the average daily volume of 157,403 shares. The stock had previously closed at $68.61.

iShares Emerging Markets Equity Factor ETF Trading Down 1.4%

The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.32 and a beta of 0.59. The business has a 50-day moving average of $72.01 and a 200 day moving average of $66.34.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of EMGF. Worth Asset Management LLC raised its position in shares of iShares Emerging Markets Equity Factor ETF by 7.8% during the second quarter. Worth Asset Management LLC now owns 9,028 shares of the company’s stock worth $661,000 after purchasing an additional 650 shares during the period. First Citizens Financial Corp increased its stake in iShares Emerging Markets Equity Factor ETF by 13.7% during the 2nd quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,129 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in iShares Emerging Markets Equity Factor ETF by 38.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $97,000 after purchasing an additional 445 shares in the last quarter. Captrust Financial Advisors raised its holdings in iShares Emerging Markets Equity Factor ETF by 2.2% during the fourth 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. Finally, Hirtle Callaghan & Co LLC raised its holdings in iShares Emerging Markets Equity Factor ETF by 1.7% during the fourth 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.