iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Shares Up 0.7% – Here’s Why

Shares of iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) shot up 0.7% during trading on Friday . The company traded as high as $44.56 and last traded at $44.60. 85,438 shares traded hands during mid-day trading, The stock had previously closed at $44.30.

iShares J.P. Morgan EM Corporate Bond ETF Stock Up 0.7 %

The business has a 50 day moving average of $44.75 and a 200 day moving average of $45.04.

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

A number of institutional investors have recently added to or reduced their stakes in CEMB. Loomis Sayles & Co. L P raised its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 30.7% in the third quarter. Loomis Sayles & Co. L P now owns 179,024 shares of the company’s stock worth $8,235,000 after purchasing an additional 42,036 shares in the last quarter. Arkansas Financial Group Inc. raised its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 35.9% in the fourth quarter. Arkansas Financial Group Inc. now owns 12,626 shares of the company’s stock worth $560,000 after purchasing an additional 3,332 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 3,375.0% in the third quarter. Princeton Global Asset Management LLC now owns 2,085 shares of the company’s stock worth $96,000 after purchasing an additional 2,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 6.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,569 shares of the company’s stock worth $256,000 after purchasing an additional 319 shares in the last quarter.

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.