iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Trading Up 1.9% – Still a Buy?

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) shares rose 1.9% during trading on Monday . The company traded as high as $44.56 and last traded at $45.16. Approximately 85,438 shares changed hands during trading, an increase of 72% from the average daily volume of 49,757 shares. The stock had previously closed at $44.30.

iShares J.P. Morgan EM Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $44.92 and a two-hundred day simple moving average of $45.05.

iShares J.P. Morgan EM Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1962 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares J.P. Morgan EM Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of CEMB. OLD Mission Capital LLC acquired a new stake in shares of iShares J.P. Morgan EM Corporate Bond ETF in the fourth quarter worth $3,071,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 26.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,061 shares of the company’s stock valued at $313,000 after buying an additional 1,492 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of iShares J.P. Morgan EM Corporate Bond ETF by 55.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 3,238 shares of the company’s stock valued at $144,000 after buying an additional 1,153 shares during the period. Arkansas Financial Group Inc. boosted its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 35.9% in the fourth quarter. Arkansas Financial Group Inc. now owns 12,626 shares of the company’s stock worth $560,000 after buying an additional 3,332 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 30.7% in the third quarter. Loomis Sayles & Co. L P now owns 179,024 shares of the company’s stock worth $8,235,000 after buying an additional 42,036 shares during the last quarter.

About iShares J.P. Morgan EM Corporate Bond ETF

The iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is an exchange-traded fund that is based on the JP Morgan CEMBI Broad Diversified index. The fund tracks an index of US-dollar-denominated bonds issued by corporations based in emerging markets. CEMB was launched on Apr 17, 2012 and is managed by BlackRock.