iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Shares Up 0.6% – Should You Buy?

Shares of iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) traded up 0.6% during mid-day trading on Monday. The stock traded as high as $38.85 and last traded at $38.84. Approximately 112,058 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 123,259 shares. The stock had previously closed at $38.61.

iShares J.P. Morgan EM High Yield Bond ETF Price Performance

The stock’s 50-day moving average is $39.01 and its 200 day moving average is $39.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMHY. Pension & Wealth Management Advisors Inc. bought a new stake in shares of iShares J.P. Morgan EM High Yield Bond ETF in the third quarter worth about $769,000. Bank of New York Mellon Corp increased its stake in iShares J.P. Morgan EM High Yield Bond ETF by 92.7% during the 1st quarter. Bank of New York Mellon Corp now owns 19,118 shares of the company’s stock worth $753,000 after purchasing an additional 9,197 shares in the last quarter. Arkadios Wealth Advisors increased its stake in iShares J.P. Morgan EM High Yield Bond ETF by 6.2% during the 1st quarter. Arkadios Wealth Advisors now owns 6,147 shares of the company’s stock worth $242,000 after purchasing an additional 358 shares in the last quarter. Stronghold Wealth Management L.L.C. acquired a new stake in iShares J.P. Morgan EM High Yield Bond ETF during the 3rd quarter worth approximately $202,000. Finally, Farther Finance Advisors LLC acquired a new stake in iShares J.P. Morgan EM High Yield Bond ETF during the 3rd quarter worth approximately $193,000.

iShares J.P. Morgan EM High Yield Bond ETF Company Profile

The iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index comprising USD denominated emerging markets high yield bonds. EMHY was launched on Apr 3, 2012 and is managed by BlackRock.