iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Price Up 0.2%

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s share price shot up 0.2% during trading on Tuesday . The stock traded as high as $45.98 and last traded at $45.90. 473,435 shares changed hands during trading, The stock had previously closed at $45.80.

iShares Emerging Markets Equity Factor ETF Stock Up 0.7 %

The business has a 50-day simple moving average of $46.68 and a two-hundred day simple moving average of $45.90. The stock has a market capitalization of $640.32 million, a P/E ratio of 10.68 and a beta of 0.79.

Institutional Trading of iShares Emerging Markets Equity Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMGF. Comerica Bank raised its holdings in iShares Emerging Markets Equity Factor ETF by 357.3% in the first quarter. Comerica Bank now owns 814 shares of the company’s stock worth $36,000 after purchasing an additional 636 shares during the period. Zions Bancorporation N.A. acquired a new position in iShares Emerging Markets Equity Factor ETF in the second quarter valued at about $30,000. Finally, First Citizens Financial Corp increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 5.5% in the first quarter. First Citizens Financial Corp now owns 11,515 shares of the company’s stock worth $513,000 after acquiring an additional 596 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.