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

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB)’s stock price traded down 0.2% during mid-day trading on Monday. The stock traded as low as $44.00 and last traded at $44.03. 48,461 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 62,440 shares. The stock had previously closed at $44.10.

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

The firm’s 50 day simple moving average is $44.67 and its 200 day simple moving average is $45.22.

Institutional Investors Weigh In On iShares J.P. Morgan EM Corporate Bond ETF

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

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.