iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) Shares Down 0.4% – Here’s What Happened

iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) shares fell 0.4% on Monday. The company traded as low as $73.70 and last traded at $73.76. Approximately 267,776 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 325,343 shares. The stock had previously closed at $74.07.

iShares MSCI Emerging Markets Min Vol Factor ETF Price Performance

The firm’s 50 day simple moving average is $74.98 and its 200-day simple moving average is $72.88. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 16.07 and a beta of 0.44.

Institutional Trading of iShares MSCI Emerging Markets Min Vol Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in iShares MSCI Emerging Markets Min Vol Factor ETF in the second quarter valued at approximately $57,000. Navellier & Associates Inc. purchased a new position in shares of iShares MSCI Emerging Markets Min Vol Factor ETF during the second quarter worth approximately $1,111,000. CoreCap Advisors LLC grew its position in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 647.9% during the second quarter. CoreCap Advisors LLC now owns 359 shares of the company’s stock worth $27,000 after acquiring an additional 311 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 56.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 2,570 shares of the company’s stock worth $181,000 after acquiring an additional 930 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of iShares MSCI Emerging Markets Min Vol Factor ETF by 1,662.1% in the 1st quarter. Bessemer Group Inc. now owns 4,000 shares of the company’s stock valued at $259,000 after acquiring an additional 3,773 shares during the period.

About iShares MSCI Emerging Markets Min Vol Factor ETF

The iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is an exchange-traded fund that is based on the MSCI EM Minimum Volatility (USD) index. The fund tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio. EEMV was launched on Oct 18, 2011 and is managed by BlackRock.