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

Shares of iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) rose 1.9% during trading on Monday . The stock traded as high as $44.56 and last traded at $45.16. Approximately 85,438 shares were traded during mid-day 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 Trading Up 1.7 %

The stock’s 50-day moving average is $44.92 and its two-hundred day moving average is $45.05.

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

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

Institutional Investors Weigh In On iShares J.P. Morgan EM Corporate Bond ETF

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