iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 52-Week High – Time to Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $76.35 and last traded at $76.35, with a volume of 1409 shares changing hands. The stock had previously closed at $73.50.

iShares Emerging Markets Equity Factor ETF Stock Up 0.5%

The company has a market capitalization of $1.34 billion, a P/E ratio of 13.32 and a beta of 0.59. The firm has a 50-day moving average price of $70.59 and a two-hundred day moving average price of $64.45.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in 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 valued at $97,000 after purchasing an additional 445 shares during the period. Worth Asset Management LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF during the 1st quarter worth about $506,000. Captrust Financial Advisors increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the 4th 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. First Citizens Financial Corp raised its position in shares of iShares Emerging Markets Equity Factor ETF by 8.4% during the fourth 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. Finally, Hirtle Callaghan & Co LLC raised its position in shares of iShares Emerging Markets Equity Factor ETF by 1.7% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock valued at $1,233,000 after buying an additional 350 shares during the last quarter.

About iShares Emerging Markets Equity Factor ETF

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.