iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Reaches New 52-Week High – Time to 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 $62.0870, with a volume of 17092 shares. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Price Performance

The company has a market cap of $1.10 billion, a P/E ratio of 13.32 and a beta of 0.59. The stock has a fifty day moving average price of $59.10 and a two-hundred day moving average price of $56.91.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

A number of hedge funds have recently bought and sold shares of EMGF. JPMorgan Chase & Co. raised 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 valued at $190,339,000 after purchasing an additional 555,561 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Emerging Markets Equity Factor ETF by 50.8% during the 3rd 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares Emerging Markets Equity Factor ETF by 10.5% in the 4th quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock worth $4,632,000 after buying an additional 7,593 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares Emerging Markets Equity Factor ETF by 13.0% in the 2nd quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock worth $2,120,000 after buying an additional 4,686 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF in the second quarter valued at approximately $1,931,000.

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.