iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Price Up 1.4% – Here’s Why

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shot up 1.4% on Monday . The stock traded as high as $45.19 and last traded at $45.30. 44,327 shares changed hands during mid-day trading, The stock had previously closed at $44.66.

iShares Emerging Markets Equity Factor ETF Stock Performance

The company has a market cap of $629.63 million, a P/E ratio of 10.68 and a beta of 0.79. The stock has a 50-day moving average of $46.30 and a two-hundred day moving average of $47.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in iShares Emerging Markets Equity Factor ETF by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 846,378 shares of the company’s stock worth $42,141,000 after acquiring an additional 78,839 shares during the last quarter. Strategic Blueprint LLC bought a new stake in iShares Emerging Markets Equity Factor ETF in the third quarter worth $669,000. First Citizens Financial Corp raised its stake in iShares Emerging Markets Equity Factor ETF by 6.4% during the third quarter. First Citizens Financial Corp now owns 16,322 shares of the company’s stock valued at $813,000 after purchasing an additional 975 shares in the last quarter. Farther Finance Advisors LLC lifted its position in iShares Emerging Markets Equity Factor ETF by 15.0% during the third quarter. Farther Finance Advisors LLC now owns 7,713 shares of the company’s stock valued at $385,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 28.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 619,348 shares of the company’s stock worth $30,837,000 after buying an additional 135,686 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.