First Command Advisory Services Inc. Makes New $32.67 Million Investment in iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB

First Command Advisory Services Inc. bought a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) in the 3rd quarter, Holdings Channel.com reports. The firm bought 359,666 shares of the exchange traded fund’s stock, valued at approximately $32,672,000. iShares J.P. Morgan USD Emerging Markets Bond ETF comprises 0.2% of First Command Advisory Services Inc.’s portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the third quarter worth about $4,826,000. Nationwide Fund Advisors acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter worth approximately $193,097,000. Kingswood Wealth Advisors LLC increased its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 10.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 20,215 shares of the exchange traded fund’s stock worth $1,836,000 after purchasing an additional 1,830 shares during the period. Root Financial Partners LLC acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter worth approximately $49,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

iShares J.P. Morgan USD Emerging Markets Bond ETF Price Performance

EMB opened at $92.07 on Thursday. The business has a 50 day simple moving average of $92.14 and a 200-day simple moving average of $94.80. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 12 month low of $89.69 and a 12 month high of $97.80.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a $0.4037 dividend. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4436. This represents a $4.84 annualized dividend and a yield of 5.3%.

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.