iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Reaches New 12-Month High – Time to Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares reached a new 52-week high during trading on Friday . The company traded as high as $67.97 and last traded at $67.78, with a volume of 8206 shares changing hands. The stock had previously closed at $66.57.

iShares Emerging Markets Equity Factor ETF Stock Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 13.32 and a beta of 0.59. The firm has a 50-day moving average price of $63.14 and a 200-day moving average price of $60.29.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EMGF. Root Financial Partners LLC purchased a new position in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth $43,000. Private Trust Co. NA purchased a new position in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth $113,000. Worth Asset Management LLC purchased a new position in iShares Emerging Markets Equity Factor ETF in the 1st quarter worth $506,000. Captrust Financial Advisors raised its stake in iShares Emerging Markets Equity Factor ETF by 2.2% in the 4th quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after acquiring an additional 398 shares during the last quarter. Finally, First Citizens Financial Corp raised its stake 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 worth $1,107,000 after acquiring an additional 1,486 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.