Shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF – Get Free Report) were up 0.2% during trading on Wednesday. The company traded as high as $68.35 and last traded at $68.18. 75,832 shares were traded during mid-day trading, a decline of 51% from the average session volume of 155,714 shares. The stock had previously closed at $68.01.
iShares Emerging Markets Equity Factor ETF Price Performance
The stock’s 50-day moving average price is $71.53 and its 200 day moving average price is $70.53. The firm has a market capitalization of $1.20 billion, a PE ratio of 13.32 and a beta of 0.59.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of EMGF. First Citizens Financial Corp increased its holdings 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 worth $1,904,000 after purchasing an additional 3,129 shares during the period. Navellier & Associates Inc. bought a new stake in iShares Emerging Markets Equity Factor ETF during the 2nd quarter valued at $1,666,000. Worth Asset Management LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 43.8% in the 3rd quarter. Worth Asset Management LLC now owns 12,983 shares of the company’s stock worth $929,000 after buying an additional 3,955 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of iShares Emerging Markets Equity Factor ETF in the 2nd quarter worth $203,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 38.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after buying an additional 445 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.
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