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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares dropped 1.4% during trading on Friday . The stock traded as low as $66.29 and last traded at $67.68. Approximately 145,722 shares traded hands during trading, a decline of 7% from the average daily volume of 157,403 shares. The stock had previously closed at $68.61.

iShares Emerging Markets Equity Factor ETF Trading Down 1.4%

The stock has a market cap of $1.19 billion, a P/E ratio of 13.32 and a beta of 0.59. The business has a 50-day simple moving average of $72.01 and a 200 day simple moving average of $66.34.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in iShares Emerging Markets Equity Factor ETF by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock worth $190,339,000 after purchasing an additional 555,561 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Emerging Markets Equity Factor ETF by 50.8% during the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock worth $46,484,000 after buying an additional 276,482 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares Emerging Markets Equity Factor ETF by 10.5% in the fourth 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 period. Captrust Financial Advisors lifted its holdings in iShares Emerging Markets Equity Factor ETF by 13.0% in the second 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 period. Finally, First Citizens Financial Corp grew 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 acquiring an additional 3,129 shares during the period.

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.