Traders Buy Shares of iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) on Weakness

Traders bought shares of iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NASDAQ:EMB) on weakness during trading hours on Tuesday. $130.77 million flowed into the stock on the tick-up and $60.95 million flowed out of the stock on the tick-down, for a money net flow of $69.82 million into the stock. Of all companies tracked, iShares JPMorgan USD Emer Mkt Bnd Fd ETF had the 14th highest net in-flow for the day. iShares JPMorgan USD Emer Mkt Bnd Fd ETF traded down ($0.03) for the day and closed at $106.18

The company also recently announced a monthly dividend, which was paid on Thursday, June 7th. Investors of record on Monday, June 4th were paid a dividend of $0.4516 per share. The ex-dividend date of this dividend was Friday, June 1st. This represents a $5.42 annualized dividend and a yield of 5.10%. This is a boost from iShares JPMorgan USD Emer Mkt Bnd Fd ETF’s previous monthly dividend of $0.41.

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in iShares JPMorgan USD Emer Mkt Bnd Fd ETF by 132.9% during the fourth quarter. Millennium Management LLC now owns 69,577 shares of the exchange traded fund’s stock valued at $8,078,000 after buying an additional 39,709 shares in the last quarter. Afam Capital Inc. boosted its stake in iShares JPMorgan USD Emer Mkt Bnd Fd ETF by 56.4% during the fourth quarter. Afam Capital Inc. now owns 40,805 shares of the exchange traded fund’s stock valued at $4,737,000 after buying an additional 14,713 shares in the last quarter. Renaissance Technologies LLC bought a new position in iShares JPMorgan USD Emer Mkt Bnd Fd ETF during the fourth quarter valued at about $7,728,000. Franklin Resources Inc. boosted its stake in iShares JPMorgan USD Emer Mkt Bnd Fd ETF by 14.6% during the fourth quarter. Franklin Resources Inc. now owns 11,742 shares of the exchange traded fund’s stock valued at $1,363,000 after buying an additional 1,500 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in iShares JPMorgan USD Emer Mkt Bnd Fd ETF by 57.0% during the fourth quarter. Suntrust Banks Inc. now owns 93,917 shares of the exchange traded fund’s stock valued at $10,901,000 after buying an additional 34,096 shares in the last quarter.

iShares JPMorgan USD Emer Mkt Bnd Fd ETF Company Profile

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.

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