iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Trading Down 0.6% – Here’s Why

Shares of iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) dropped 0.6% on Thursday . The company traded as low as $45.03 and last traded at $45.08. Approximately 42,271 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 62,343 shares. The stock had previously closed at $45.33.

iShares J.P. Morgan EM Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $45.91 and its 200-day moving average is $45.98.

Hedge Funds Weigh In On iShares J.P. Morgan EM Corporate Bond ETF

Several large investors have recently made changes to their positions in CEMB. Farther Finance Advisors LLC acquired a new stake in iShares J.P. Morgan EM Corporate Bond ETF during the third quarter valued at $46,000. BNP Paribas Financial Markets boosted its position in iShares J.P. Morgan EM Corporate Bond ETF by 169.5% during the second quarter. BNP Paribas Financial Markets now owns 1,008 shares of the company’s stock worth $46,000 after purchasing an additional 634 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of iShares J.P. Morgan EM Corporate Bond ETF by 115.0% in the third quarter. J.Safra Asset Management Corp now owns 2,778 shares of the company’s stock valued at $128,000 after buying an additional 1,486 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 25.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,215 shares of the company’s stock worth $464,000 after buying an additional 2,080 shares during the period. Finally, Stronghold Wealth Management L.L.C. purchased a new position in shares of iShares J.P. Morgan EM Corporate Bond ETF during the 4th quarter valued at approximately $589,000.

About iShares J.P. Morgan EM Corporate Bond ETF

The iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is an exchange-traded fund that is based on the JP Morgan CEMBI Broad Diversified index. The fund tracks an index of US-dollar-denominated bonds issued by corporations based in emerging markets. CEMB was launched on Apr 17, 2012 and is managed by BlackRock.