iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Hits New 52-Week Low – Here’s Why

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $92.86 and last traded at $92.8320, with a volume of 4300053 shares. The stock had previously closed at $93.71.

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

The company has a fifty day simple moving average of $94.50 and a 200-day simple moving average of $95.16.

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

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.4137 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4136. This represents a $4.96 annualized dividend and a yield of 5.4%.

Institutional Investors Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Okasan Asset Management Co.Ltd. bought a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter worth $650,474,000. TIAA Trust National Association raised its holdings 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 valued at $218,534,000 after acquiring an additional 904,419 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 15.9% in the fourth quarter. BNP Paribas Financial Markets now owns 3,556,458 shares of the exchange traded fund’s stock valued at $342,416,000 after purchasing an additional 488,302 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 3,177.6% in the 1st quarter. Venturi Wealth Management LLC now owns 431,469 shares of the exchange traded fund’s stock valued at $40,528,000 after buying an additional 418,305 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,663,938 shares of the exchange traded fund’s stock worth $160,204,000 after purchasing an additional 293,360 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.