Payden & Rygel Invests $96.57 Million in iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB

Payden & Rygel acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,002,967 shares of the exchange traded fund’s stock, valued at approximately $96,566,000. iShares J.P. Morgan USD Emerging Markets Bond ETF makes up about 6.7% of Payden & Rygel’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Richardson Capital Management LLC acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 3rd quarter valued at $26,000. EQ Wealth Advisors LLC acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter valued at $42,000. Sound Income Strategies LLC boosted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 152.9% in the 4th quarter. Sound Income Strategies LLC now owns 478 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 289 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 54.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 524 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 185 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter valued at $55,000. 91.08% of the stock is owned by institutional investors and hedge funds.

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

Shares of iShares J.P. Morgan USD Emerging Markets Bond ETF stock opened at $94.62 on Tuesday. The company has a fifty day simple moving average of $95.15 and a 200-day simple moving average of $96.04. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 12-month low of $89.45 and a 12-month high of $97.80.

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

The company also recently announced a dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a $0.4101 dividend. The ex-dividend date of this dividend was Friday, May 1st.

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