iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Stock Price Down 0.2% – Here’s What Happened

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) dropped 0.2% during mid-day trading on Monday . The stock traded as low as $45.34 and last traded at $45.36. Approximately 60,964 shares changed hands during trading, a decline of 5% from the average daily volume of 64,426 shares. The stock had previously closed at $45.44.

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

The stock’s 50-day moving average is $45.55 and its 200 day moving average is $45.72.

Institutional Trading of iShares J.P. Morgan EM Corporate Bond ETF

Several hedge funds have recently modified their holdings of CEMB. BNP Paribas Financial Markets boosted its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 169.5% in the second quarter. BNP Paribas Financial Markets now owns 1,008 shares of the company’s stock valued at $46,000 after buying an additional 634 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 10.0% during the fourth quarter. J.Safra Asset Management Corp now owns 3,056 shares of the company’s stock worth $140,000 after acquiring an additional 278 shares during the period. Stronghold Wealth Management L.L.C. acquired a new position in iShares J.P. Morgan EM Corporate Bond ETF during the fourth quarter worth $589,000. Bank of New York Mellon Corp raised its position in iShares J.P. Morgan EM Corporate Bond ETF by 128.2% in the first quarter. Bank of New York Mellon Corp now owns 13,192 shares of the company’s stock worth $597,000 after acquiring an additional 7,410 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in iShares J.P. Morgan EM Corporate Bond ETF by 27.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 14,743 shares of the company’s stock worth $676,000 after acquiring an additional 3,153 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.