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

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

iShares Emerging Markets Equity Factor ETF Stock Performance

The company has a market cap of $1.28 billion, a PE ratio of 13.32 and a beta of 0.59. The company has a fifty day moving average of $70.68 and a two-hundred day moving average of $69.04.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Several institutional investors have recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC bought a new position in iShares Emerging Markets Equity Factor ETF during the 2nd quarter valued at about $203,000. First Citizens Financial Corp lifted its stake in iShares Emerging Markets Equity Factor ETF by 13.7% in the second quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock worth $1,904,000 after purchasing an additional 3,129 shares during the last quarter. Navellier & Associates Inc. purchased a new position in shares of iShares Emerging Markets Equity Factor ETF during the second quarter valued at approximately $1,666,000. Worth Asset Management LLC boosted its position in shares of iShares Emerging Markets Equity Factor ETF by 7.8% during the second quarter. Worth Asset Management LLC now owns 9,028 shares of the company’s stock valued at $661,000 after buying an additional 650 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 445 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.