Sumitomo Life Insurance Co. Purchases 222,344 Shares of iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB

Sumitomo Life Insurance Co. grew its position in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,517,978 shares of the exchange traded fund’s stock after acquiring an additional 222,344 shares during the quarter. iShares J.P. Morgan USD Emerging Markets Bond ETF makes up about 4.0% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 3rd largest holding. Sumitomo Life Insurance Co.’s holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF were worth $146,151,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,400,265 shares of the exchange traded fund’s stock worth $1,085,191,000 after purchasing an additional 2,899,399 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter worth about $650,474,000. BNP Paribas Financial Markets increased its position in 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 worth $342,416,000 after purchasing an additional 488,302 shares during the last quarter. Polianta Ltd acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter worth about $223,947,000. Finally, TIAA Trust National Association increased its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 66.2% in the 4th quarter. TIAA Trust National Association now owns 2,269,776 shares of the exchange traded fund’s stock worth $218,534,000 after purchasing an additional 904,419 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Up 0.1%

Shares of EMB stock opened at $96.36 on Friday. iShares J.P. Morgan USD Emerging Markets Bond ETF has a fifty-two week low of $90.81 and a fifty-two week high of $97.80. The stock’s 50-day moving average is $95.62 and its two-hundred day moving average is $95.97.

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

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.407 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, June 1st.

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