iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Price Down 0.5% – Here’s Why

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) shares were down 0.5% on Monday . The company traded as low as $45.57 and last traded at $45.68. Approximately 33,675 shares traded hands during trading, The stock had previously closed at $45.93.

iShares Emerging Markets Equity Factor ETF Stock Down 0.5 %

The firm has a market capitalization of $630.38 million, a price-to-earnings ratio of 10.68 and a beta of 0.79. The company’s fifty day moving average is $47.50 and its two-hundred day moving average is $47.46.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Zions Bancorporation N.A. bought a new stake in iShares Emerging Markets Equity Factor ETF in the second quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in shares of iShares Emerging Markets Equity Factor ETF by 15.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,713 shares of the company’s stock worth $385,000 after buying an additional 1,008 shares during the period. Strategic Blueprint LLC bought a new stake in shares of iShares Emerging Markets Equity Factor ETF in the 3rd quarter valued at about $669,000. First Citizens Financial Corp raised its position in shares of iShares Emerging Markets Equity Factor ETF by 6.4% in the 3rd quarter. First Citizens Financial Corp now owns 16,322 shares of the company’s stock valued at $813,000 after acquiring an additional 975 shares during the period. Finally, Captrust Financial Advisors boosted its stake in iShares Emerging Markets Equity Factor ETF by 8.4% during the 3rd quarter. Captrust Financial Advisors now owns 28,468 shares of the company’s stock worth $1,417,000 after acquiring an additional 2,199 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.