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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) hit a new 52-week high on Monday . The stock traded as high as $57.60 and last traded at $57.79, with a volume of 17092 shares. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Trading Up 0.5%

The company has a 50-day simple moving average of $57.74 and a 200 day simple moving average of $55.30. The company has a market cap of $1.02 billion, a P/E ratio of 13.32 and a beta of 0.59.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in iShares Emerging Markets Equity Factor ETF by 4.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 25,543 shares of the company’s stock worth $1,330,000 after acquiring an additional 1,180 shares in the last quarter. Kickstand Ventures LLC. raised its stake in shares of iShares Emerging Markets Equity Factor ETF by 8.2% during the second quarter. Kickstand Ventures LLC. now owns 23,564 shares of the company’s stock valued at $1,227,000 after acquiring an additional 1,787 shares in the last quarter. Duncan Williams Asset Management LLC purchased a new stake in shares of iShares Emerging Markets Equity Factor ETF in the second quarter valued at approximately $1,227,000. Kingswood Wealth Advisors LLC grew its stake in iShares Emerging Markets Equity Factor ETF by 51.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 18,445 shares of the company’s stock worth $960,000 after purchasing an additional 6,280 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in iShares Emerging Markets Equity Factor ETF by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 2,808,510 shares of the company’s stock worth $146,239,000 after purchasing an additional 632,394 shares in 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.