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

iShares Emerging Markets Equity Factor ETF (BATS:EMGFGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $68.47 and last traded at $68.47, with a volume of 62882 shares. The stock had previously closed at $67.05.

iShares Emerging Markets Equity Factor ETF Stock Performance

The stock’s 50-day simple moving average is $63.59 and its 200 day simple moving average is $60.91. The company has a market capitalization of $1.20 billion, a PE ratio of 13.32 and a beta of 0.59.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

A number of hedge funds have recently modified their holdings of EMGF. Root Financial Partners LLC purchased a new position in shares of iShares Emerging Markets Equity Factor ETF during the third quarter worth approximately $43,000. Private Trust Co. NA purchased a new position in shares of iShares Emerging Markets Equity Factor ETF during the third quarter worth approximately $113,000. Worth Asset Management LLC purchased a new stake in shares of iShares Emerging Markets Equity Factor ETF during the first quarter worth approximately $506,000. Captrust Financial Advisors lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after purchasing an additional 398 shares during the period. Finally, First Citizens Financial Corp grew its position in iShares Emerging Markets Equity Factor ETF by 8.4% in the 4th quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after buying an additional 1,486 shares during the last quarter.

iShares Emerging Markets Equity Factor ETF Company Profile

(Get Free Report)

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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