iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Sets New 1-Year High – Still a Buy?

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $97.79 and last traded at $97.7850, with a volume of 4960112 shares changing hands. The stock had previously closed at $97.65.

iShares J.P. Morgan USD Emerging Markets Bond ETF Trading Up 0.1%

The business’s 50-day moving average price is $96.64 and its two-hundred day moving average price is $95.86.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.4146 per share. This is a boost from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.38. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, February 2nd.

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

Several large investors have recently modified their holdings of the business. Ameriflex Group Inc. lifted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 38.7% during the 4th quarter. Ameriflex Group Inc. now owns 369 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. NewEdge Advisors LLC raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 26.7% during the 4th quarter. NewEdge Advisors LLC now owns 272,999 shares of the exchange traded fund’s stock worth $26,284,000 after buying an additional 57,554 shares during the period. Centennial Bank AR raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 461.6% during the 4th quarter. Centennial Bank AR now owns 1,432 shares of the exchange traded fund’s stock worth $138,000 after buying an additional 1,177 shares during the period. Hilltop Holdings Inc. lifted its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 29.6% in the fourth quarter. Hilltop Holdings Inc. now owns 48,520 shares of the exchange traded fund’s stock valued at $4,671,000 after buying an additional 11,082 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 2.9% in the fourth quarter. Advisory Services Network LLC now owns 17,166 shares of the exchange traded fund’s stock valued at $1,653,000 after buying an additional 481 shares during the period. 91.08% of the stock is currently owned by institutional investors.

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.