iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Reaches New 1-Year High – Should You Buy?

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.09 and last traded at $97.0450, with a volume of 1222554 shares traded. The stock had previously closed at $96.72.

iShares J.P. Morgan USD Emerging Markets Bond ETF Trading Up 0.3%

The stock has a fifty day moving average of $96.36 and a two-hundred day moving average of $95.50.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.4146 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.38. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EMB. JPMorgan Chase & Co. lifted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 34.1% during the third quarter. JPMorgan Chase & Co. now owns 11,400,265 shares of the exchange traded fund’s stock valued at $1,085,191,000 after purchasing an additional 2,899,399 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter worth $650,474,000. BNP Paribas Financial Markets raised its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 1.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,144,433 shares of the exchange traded fund’s stock worth $291,237,000 after buying an additional 33,203 shares during the last quarter. Polianta Ltd purchased a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the fourth quarter valued at approximately $223,947,000. Finally, Nationwide Fund Advisors grew its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 883.0% in the 4th quarter. Nationwide Fund Advisors now owns 2,077,835 shares of the exchange traded fund’s stock worth $200,054,000 after purchasing an additional 1,866,453 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.