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

Shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF) dropped 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 changed hands during trading, a decline of 7% from the average session volume of 157,403 shares. The stock had previously closed at $68.61.

iShares Emerging Markets Equity Factor ETF Stock Performance

The firm has a market cap of $1.19 billion, a P/E ratio of 13.32 and a beta of 0.59. The company’s 50 day moving average is $72.01 and its 200 day moving average is $66.34.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in iShares Emerging Markets Equity Factor ETF by 19.8% in the third 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. Ameriprise Financial Inc. raised its position in iShares Emerging Markets Equity Factor ETF by 50.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock worth $46,484,000 after purchasing an additional 276,482 shares during the last quarter. Worth Asset Management LLC acquired a new position in iShares Emerging Markets Equity Factor ETF during the 1st quarter worth about $506,000. Farther Finance Advisors LLC grew its position in shares of iShares Emerging Markets Equity Factor ETF by 10.5% in the 4th quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after buying an additional 7,593 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of iShares Emerging Markets Equity Factor ETF by 13.0% in the 2nd quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock valued at $2,120,000 after buying an additional 4,686 shares during 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.