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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $73.54 and last traded at $73.40, with a volume of 6651 shares. The stock had previously closed at $70.78.

iShares Emerging Markets Equity Factor ETF Stock Performance

The stock has a market cap of $1.29 billion, a PE ratio of 13.32 and a beta of 0.59. The business has a 50 day moving average price of $65.71 and a two-hundred day moving average price of $62.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EMGF. Root Financial Partners LLC purchased a new position in shares of iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its stake in iShares Emerging Markets Equity Factor ETF by 38.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $97,000 after acquiring an additional 445 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF during the 1st quarter valued at approximately $506,000. Captrust Financial Advisors increased its stake in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the 4th quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after purchasing an additional 398 shares during the last quarter. Finally, First Citizens Financial Corp increased its stake 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 worth $1,107,000 after purchasing 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.