iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $92.42 and traded as high as $92.48. iShares J.P. Morgan USD Emerging Markets Bond ETF shares last traded at $92.44, with a volume of 9,348,769 shares.
iShares J.P. Morgan USD Emerging Markets Bond ETF Trading Up 1.0%
The business’s 50-day simple moving average is $92.42 and its 200 day simple moving average is $94.90.
iShares J.P. Morgan USD Emerging Markets Bond ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a dividend of $0.4037 per share. The ex-dividend date of this dividend is Monday, November 2nd. This is a negative change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4436. This represents a $4.84 annualized dividend and a yield of 5.2%.
Institutional Trading of iShares J.P. Morgan USD Emerging Markets Bond ETF
A number of hedge funds have recently bought and sold shares of EMB. Parallel Advisors LLC purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the third quarter valued at about $4,826,000. Nationwide Fund Advisors acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the third quarter worth $193,097,000. Kingswood Wealth Advisors LLC grew its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 10.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 20,215 shares of the exchange traded fund’s stock valued at $1,836,000 after purchasing an additional 1,830 shares during the last quarter. Root Financial Partners LLC purchased a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF in the third quarter valued at approximately $49,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
About iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF, formerly iShares JPMorgan USD Emerging Markets Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the JPMorgan EMBI Global Core Index (the Index). The Index is a diverse United States dollar-denominated emerging markets debt benchmark, which tracks the total return of actively traded external debt instruments in emerging market countries. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.
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