iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Price Up 2.6% – Here’s What Happened

iShares Emerging Markets Equity Factor ETF (BATS:EMGFGet Free Report)’s stock price traded up 2.6% during mid-day trading on Monday . The stock traded as high as $73.83 and last traded at $73.77. Approximately 74,774 shares changed hands during trading, a decline of 52% from the average session volume of 155,409 shares. The stock had previously closed at $71.90.

iShares Emerging Markets Equity Factor ETF Stock Performance

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59. The business has a fifty day simple moving average of $70.59 and a 200-day simple moving average of $68.97.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

Several institutional investors have recently modified their holdings of EMGF. EverSource Wealth Advisors LLC boosted its position in iShares Emerging Markets Equity Factor ETF by 38.3% during 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. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of iShares Emerging Markets Equity Factor ETF in the 2nd quarter worth about $203,000. Worth Asset Management LLC acquired a new position in shares of iShares Emerging Markets Equity Factor ETF in the 1st quarter valued at about $506,000. Navellier & Associates Inc. acquired a new position in shares of iShares Emerging Markets Equity Factor ETF in the 2nd quarter valued at about $1,666,000. Finally, First Citizens Financial Corp lifted its stake in shares of iShares Emerging Markets Equity Factor ETF by 13.7% in the 2nd quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,129 shares during the period.

iShares Emerging Markets Equity Factor ETF Company Profile

(Get Free Report)

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.

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