Park Place Capital Corp Decreases Stake in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)

Park Place Capital Corp lowered its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 76.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 475 shares of the exchange traded fund’s stock after selling 1,547 shares during the quarter. Park Place Capital Corp’s holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF were worth $42,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMB. ICA Group Wealth Management LLC acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the fourth quarter valued at $26,000. First United Bank & Trust purchased a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the fourth quarter worth about $38,000. Global Financial Private Client LLC grew its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 36.3% during the first quarter. Global Financial Private Client LLC now owns 436 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 116 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 8,766.7% during the first quarter. Salomon & Ludwin LLC now owns 532 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 526 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the first quarter worth about $52,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

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

Shares of EMB stock traded up $0.60 during midday trading on Friday, reaching $90.61. 8,525,904 shares of the company traded hands, compared to its average volume of 6,133,454. The firm’s 50 day simple moving average is $89.30 and its two-hundred day simple moving average is $88.65. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 1-year low of $79.70 and a 1-year high of $90.64.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be paid a $0.3909 dividend. This represents a $4.69 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Thursday, August 1st. This is a positive change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.38.

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.