iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Trading 5.6% Higher – Here’s Why

iShares Emerging Markets Equity Factor ETF (BATS:EMGF)’s stock price were up 5.6% on Thursday . The company traded as high as $45.19 and last traded at $47.14. Approximately 44,327 shares were traded during trading, a decline of 30% from the average daily volume of 63,374 shares. The stock had previously closed at $44.66.

iShares Emerging Markets Equity Factor ETF Stock Up 6.0 %

The firm’s fifty day simple moving average is $46.11 and its 200-day simple moving average is $47.27. The firm has a market capitalization of $747.81 million, a PE ratio of 12.42 and a beta of 0.69.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

A number of hedge funds have recently added to or reduced their stakes in EMGF. Farther Finance Advisors LLC increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 15.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,713 shares of the company’s stock worth $385,000 after purchasing an additional 1,008 shares in the last quarter. Captrust Financial Advisors increased its holdings in iShares Emerging Markets Equity Factor ETF by 8.4% in the 3rd quarter. Captrust Financial Advisors now owns 28,468 shares of the company’s stock worth $1,417,000 after buying an additional 2,199 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in iShares Emerging Markets Equity Factor ETF in the 3rd quarter worth about $3,978,000. Integrated Wealth Concepts LLC raised its position in 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares Emerging Markets Equity Factor ETF by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 846,378 shares of the company’s stock valued at $42,141,000 after acquiring an additional 78,839 shares during the period.

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.