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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares hit a new 52-week high during trading on Monday . The company traded as high as $57.60 and last traded at $63.99, with a volume of 17092 shares trading hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Price Performance

The business has a 50 day simple moving average of $59.66 and a 200 day simple moving average of $57.24. The stock has a market cap of $1.13 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 added to or reduced their stakes in the company. Kickstand Ventures LLC. lifted its stake in iShares Emerging Markets Equity Factor ETF by 0.7% in the fourth quarter. Kickstand Ventures LLC. now owns 22,519 shares of the company’s stock valued at $1,303,000 after acquiring an additional 158 shares during the last quarter. Hirtle Callaghan & Co LLC raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 1.7% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock valued at $1,233,000 after purchasing an additional 350 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF during the 2nd quarter valued at $35,000. Root Financial Partners LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF in the 3rd quarter valued at $43,000. Finally, First Citizens Financial Corp boosted its holdings in iShares Emerging Markets Equity Factor ETF by 8.4% in the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,486 shares in the last quarter.

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.