iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 12-Month High – Time to Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $57.60 and last traded at $60.7790, with a volume of 17092 shares changing hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Stock Up 6.3%

The firm has a market cap of $1.07 billion, a P/E ratio of 13.32 and a beta of 0.59. The business’s 50 day moving average is $58.21 and its 200-day moving average is $56.26.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF during the second quarter worth about $35,000. Root Financial Partners LLC acquired a new stake in iShares Emerging Markets Equity Factor ETF during the third quarter valued at approximately $43,000. Private Trust Co. NA bought a new position in iShares Emerging Markets Equity Factor ETF during the 3rd quarter worth approximately $113,000. Financial Freedom LLC grew its position in shares of iShares Emerging Markets Equity Factor ETF by 17.2% in the 2nd quarter. Financial Freedom LLC now owns 14,280 shares of the company’s stock worth $744,000 after acquiring an additional 2,092 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in shares of iShares Emerging Markets Equity Factor ETF by 51.6% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 18,445 shares of the company’s stock worth $960,000 after acquiring an additional 6,280 shares in the last quarter.

iShares Emerging Markets Equity Factor ETF Company Profile

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.