iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Hits New 12-Month Low – Should You Sell?

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $92.86 and last traded at $92.8320, with a volume of 4300053 shares. The stock had previously closed at $93.71.

iShares J.P. Morgan USD Emerging Markets Bond ETF Trading Down 1.1%

The company has a fifty day moving average price of $94.63 and a 200-day moving average price of $95.22.

iShares J.P. Morgan USD Emerging Markets Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.4137 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.41. This represents a c) dividend on an annualized basis and a yield of 5.4%.

Institutional Trading of iShares J.P. Morgan USD Emerging Markets Bond ETF

Hedge funds have recently made changes to their positions in the business. SBI Okasan Asset Management Co.Ltd. purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the fourth quarter worth about $650,474,000. TIAA Trust National Association raised its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 66.2% during the fourth quarter. TIAA Trust National Association now owns 2,269,776 shares of the exchange traded fund’s stock valued at $218,534,000 after purchasing an additional 904,419 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 15.9% in the 4th quarter. BNP Paribas Financial Markets now owns 3,556,458 shares of the exchange traded fund’s stock valued at $342,416,000 after purchasing an additional 488,302 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 3,177.6% in the 1st quarter. Venturi Wealth Management LLC now owns 431,469 shares of the exchange traded fund’s stock valued at $40,528,000 after purchasing an additional 418,305 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 21.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,663,938 shares of the exchange traded fund’s stock worth $160,204,000 after purchasing an additional 293,360 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares J.P. Morgan USD Emerging Markets Bond ETF Company Profile

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.