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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $68.47 and last traded at $68.47, with a volume of 62882 shares changing hands. The stock had previously closed at $67.05.

iShares Emerging Markets Equity Factor ETF Stock Up 2.0%

The business has a fifty day simple moving average of $63.59 and a 200 day simple moving average of $60.91. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in iShares Emerging Markets Equity Factor ETF in the third quarter valued at $43,000. Private Trust Co. NA acquired a new stake in iShares Emerging Markets Equity Factor ETF in the third quarter valued at $113,000. Worth Asset Management LLC acquired a new stake in iShares Emerging Markets Equity Factor ETF in the first quarter valued at $506,000. Captrust Financial Advisors lifted its holdings in iShares Emerging Markets Equity Factor ETF by 2.2% in the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after acquiring an additional 398 shares during the period. Finally, First Citizens Financial Corp lifted its holdings in iShares Emerging Markets Equity Factor ETF by 8.4% in the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,486 shares during the period.

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.