iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Hits New 12-Month High – Still a Buy?

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $57.60 and last traded at $60.82, with a volume of 17092 shares traded. The stock had previously closed at $57.43.

iShares Emerging Markets Equity Factor ETF Stock Performance

The company has a market cap of $1.08 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59. The stock’s fifty day moving average is $57.87 and its two-hundred day moving average is $55.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EMGF. Farther Finance Advisors LLC boosted its position in shares of iShares Emerging Markets Equity Factor ETF by 4.8% during the second quarter. Farther Finance Advisors LLC now owns 25,543 shares of the company’s stock valued at $1,330,000 after buying an additional 1,180 shares during the last quarter. Kickstand Ventures LLC. lifted its stake in iShares Emerging Markets Equity Factor ETF by 8.2% during the 2nd 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 position in iShares Emerging Markets Equity Factor ETF during the 2nd quarter worth $1,227,000. Kingswood Wealth Advisors LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 51.6% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 18,445 shares of the company’s stock worth $960,000 after acquiring an additional 6,280 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $146,239,000 after purchasing an additional 632,394 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.