Sumitomo Mitsui Trust Group Inc. Sells 134,429 Shares of iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB

Sumitomo Mitsui Trust Group Inc. cut its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 86.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,852 shares of the exchange traded fund’s stock after selling 134,429 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF were worth $1,894,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 5.9% during the 1st quarter. Bessemer Group Inc. now owns 2,183,616 shares of the exchange traded fund’s stock worth $205,107,000 after acquiring an additional 122,317 shares during the last quarter. Nationwide Fund Advisors bought a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF in the third quarter valued at approximately $193,097,000. Bank of New York Mellon Corp increased its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 1,745,556 shares of the exchange traded fund’s stock valued at $163,960,000 after purchasing an additional 81,618 shares in the last quarter. Stairway Partners LLC raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 9.2% in the second quarter. Stairway Partners LLC now owns 264,121 shares of the exchange traded fund’s stock worth $25,472,000 after purchasing an additional 22,280 shares during the period. Finally, Syon Capital LLC raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 16.0% in the second quarter. Syon Capital LLC now owns 169,689 shares of the exchange traded fund’s stock worth $16,365,000 after purchasing an additional 23,372 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ EMB opened at $91.96 on Friday. The company’s fifty day moving average is $92.29 and its 200-day moving average is $94.86. iShares J.P. Morgan USD Emerging Markets Bond ETF has a twelve month low of $89.69 and a twelve month high of $97.80.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.4037 dividend. The ex-dividend date was Monday, November 2nd. This represents a $4.84 dividend on an annualized basis and a dividend yield of 5.3%. This is a decrease from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4436.

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

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.