iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Reaches New 12-Month High – Should You Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.60 and last traded at $59.58, with a volume of 17092 shares changing hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Price Performance

The business has a 50 day simple moving average of $57.75 and a 200 day simple moving average of $55.55. The stock has a market cap of $1.05 billion, a PE ratio of 13.32 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in iShares Emerging Markets Equity Factor ETF by 50.8% during the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after acquiring an additional 276,482 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Emerging Markets Equity Factor ETF by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock valued at $190,339,000 after purchasing an additional 555,561 shares during the period. Root Financial Partners LLC bought a new position in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth approximately $43,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 47.7% during the third quarter. Kingswood Wealth Advisors LLC now owns 27,243 shares of the company’s stock worth $1,541,000 after buying an additional 8,798 shares during the last quarter. Finally, Private Trust Co. NA acquired a new position in shares of iShares Emerging Markets Equity Factor ETF during the third quarter worth approximately $113,000.

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.