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

Shares of iShares Emerging Markets Equity Factor ETF (BATS:EMGF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.60 and last traded at $62.5350, with a volume of 17092 shares changing hands. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Trading Up 8.8%

The company has a market cap of $1.10 billion, a PE ratio of 13.32 and a beta of 0.59. The firm has a 50 day moving average of $58.46 and a two-hundred day moving average of $56.53.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Several large investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in iShares Emerging Markets Equity Factor ETF in the second quarter valued at about $35,000. Root Financial Partners LLC bought a new stake in shares of iShares Emerging Markets Equity Factor ETF during the 3rd quarter valued at about $43,000. First Citizens Financial Corp increased its position in shares of iShares Emerging Markets Equity Factor ETF by 8.4% during the 4th quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,486 shares during the last quarter. Kickstand Ventures LLC. lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 8.2% in the 2nd quarter. Kickstand Ventures LLC. now owns 23,564 shares of the company’s stock worth $1,227,000 after purchasing an additional 1,787 shares during the period. Finally, Private Trust Co. NA purchased a new position in shares of iShares Emerging Markets Equity Factor ETF in the third quarter worth approximately $113,000.

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.