iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Trading at $44.06

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB)’s stock price shot up 0% during trading on Monday. The company traded as high as $44.12 and last traded at $44.06. 100,355 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 66,150 shares. The stock had previously closed at $44.04.

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

The company’s 50 day simple moving average is $44.24 and its two-hundred day simple moving average is $45.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Nilsine Partners LLC bought a new stake in iShares J.P. Morgan EM Corporate Bond ETF during the 2nd quarter worth approximately $3,662,000. Bank of New York Mellon Corp raised its position in iShares J.P. Morgan EM Corporate Bond ETF by 128.2% in the 1st quarter. Bank of New York Mellon Corp now owns 13,192 shares of the company’s stock valued at $597,000 after purchasing an additional 7,410 shares during the last quarter. Finally, Harbour Investments Inc. bought a new position in iShares J.P. Morgan EM Corporate Bond ETF in the 3rd quarter valued at $36,000.

iShares J.P. Morgan EM Corporate Bond ETF Company Profile

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.