iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sets New 52-Week High – Still a Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $66.21 and last traded at $65.4380, with a volume of 12417 shares trading hands. The stock had previously closed at $65.02.

iShares Emerging Markets Equity Factor ETF Price Performance

The business’s fifty day moving average price is $61.12 and its 200 day moving average price is $58.05. The stock has a market cap of $1.17 billion, a P/E ratio of 13.32 and a beta of 0.59.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 19.8% in the third quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock worth $190,339,000 after acquiring an additional 555,561 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares Emerging Markets Equity Factor ETF by 50.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock worth $46,484,000 after purchasing an additional 276,482 shares during the period. Farther Finance Advisors LLC grew its holdings in iShares Emerging Markets Equity Factor ETF by 10.5% during the 4th 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 in the last quarter. Captrust Financial Advisors increased its position in shares of iShares Emerging Markets Equity Factor ETF by 13.0% during 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, Flow Traders U.S. LLC bought a new stake in shares of iShares Emerging Markets Equity Factor ETF during the second quarter valued at about $1,931,000.

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.