iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Stock Cross Above 50 Day Moving Average – Time to Sell?

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $92.42 and traded as high as $92.48. iShares J.P. Morgan USD Emerging Markets Bond ETF shares last traded at $92.44, with a volume of 9,348,769 shares trading hands.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Up 1.0%

The business has a fifty day moving average of $92.42 and a two-hundred day moving average of $94.90.

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

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.4037 per share. This is a drop from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4436. This represents a $4.84 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, November 2nd.

Hedge Funds Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 5.9% in the first quarter. Bessemer Group Inc. now owns 2,183,616 shares of the exchange traded fund’s stock worth $205,107,000 after acquiring an additional 122,317 shares during the last quarter. Nationwide Fund Advisors acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 3rd quarter valued at $193,097,000. Bank of New York Mellon Corp raised its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,745,556 shares of the exchange traded fund’s stock valued at $163,960,000 after purchasing an additional 81,618 shares during the last quarter. Stairway Partners LLC raised its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 0.4% in the 3rd quarter. Stairway Partners LLC now owns 265,121 shares of the exchange traded fund’s stock valued at $24,084,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 16.0% in the 2nd quarter. Syon Capital LLC now owns 169,689 shares of the exchange traded fund’s stock valued at $16,365,000 after purchasing an additional 23,372 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

iShares J.P. Morgan USD Emerging Markets Bond 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. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.