iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Stock Falls 0.4% – Here’s What Happened

Shares of iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) dropped 0.4% on Monday. The stock traded as low as $44.08 and last traded at $44.14. Approximately 85,605 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 62,627 shares. The stock had previously closed at $44.31.

iShares J.P. Morgan EM Corporate Bond ETF Trading Down 0.4%

The business’s fifty day simple moving average is $45.06 and its 200-day simple moving average is $45.37.

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

An institutional investor recently raised its position in iShares J.P. Morgan EM Corporate Bond ETF stock. Bank of New York Mellon Corp raised its stake in iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) by 128.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,192 shares of the company’s stock after acquiring an additional 7,410 shares during the period. Bank of New York Mellon Corp owned approximately 0.16% of iShares J.P. Morgan EM Corporate Bond ETF worth $597,000 as of its most recent SEC filing.

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.