iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Sets New 1-Year High – Still a Buy?

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.76 and last traded at $97.5850, with a volume of 199973 shares. The stock had previously closed at $97.25.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Performance

The stock’s 50 day simple moving average is $96.44 and its 200-day simple moving average is $95.66.

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

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

Institutional Investors Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

A number of large investors have recently modified their holdings of the company. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the fourth quarter worth $650,474,000. JPMorgan Chase & Co. boosted its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 34.1% in 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 in the last quarter. Polianta Ltd purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the fourth quarter valued at approximately $223,947,000. Nationwide Fund Advisors increased its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 883.0% in the fourth quarter. Nationwide Fund Advisors now owns 2,077,835 shares of the exchange traded fund’s stock valued at $200,054,000 after purchasing an additional 1,866,453 shares during the last quarter. Finally, Sumitomo Life Insurance Co. acquired a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter worth $123,331,000. 91.08% of the stock is 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.