iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) Stock Price Down 1.2% – Here’s Why

iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV)’s share price dropped 1.2% on Monday . The stock traded as low as $66.67 and last traded at $66.82. Approximately 452,676 shares changed hands during mid-day trading, The stock had previously closed at $67.61.

iShares MSCI Emerging Markets Min Vol Factor ETF Price Performance

The firm has a market capitalization of $4.84 billion, a P/E ratio of 16.07 and a beta of 0.44. The company has a fifty day moving average of $65.10 and a 200 day moving average of $64.31.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Min Vol Factor ETF

A number of hedge funds have recently bought and sold shares of EEMV. Venturi Wealth Management LLC grew its holdings in iShares MSCI Emerging Markets Min Vol Factor ETF by 173.6% during the 2nd quarter. Venturi Wealth Management LLC now owns 304,298 shares of the company’s stock worth $19,110,000 after acquiring an additional 193,062 shares during the period. Rhumbline Advisers grew its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 24.0% during the second quarter. Rhumbline Advisers now owns 392,270 shares of the company’s stock worth $24,635,000 after purchasing an additional 76,005 shares during the period. JPMorgan Chase & Co. grew its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 28.0% during the second quarter. JPMorgan Chase & Co. now owns 335,762 shares of the company’s stock worth $21,086,000 after purchasing an additional 73,502 shares during the period. Rock Creek Group LP bought a new stake in iShares MSCI Emerging Markets Min Vol Factor ETF in the second quarter worth approximately $2,215,000. Finally, Flow Traders U.S. LLC acquired a new position in iShares MSCI Emerging Markets Min Vol Factor ETF in the third quarter valued at approximately $1,765,000.

iShares MSCI Emerging Markets Min Vol Factor ETF Company Profile

The iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is an exchange-traded fund that is based on the MSCI EM Minimum Volatility (USD) index. The fund tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio. EEMV was launched on Oct 18, 2011 and is managed by BlackRock.