iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Stock Price Up 0.7% – Here’s What Happened

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB)’s share price rose 0.7% during trading on Friday . The company traded as high as $44.56 and last traded at $44.60. Approximately 85,438 shares were traded during trading, The stock had previously closed at $44.30.

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

The stock has a 50 day simple moving average of $44.75 and a two-hundred day simple moving average of $45.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CEMB. Arkansas Financial Group Inc. increased its holdings in shares of iShares J.P. Morgan EM Corporate Bond ETF by 35.9% during the 4th 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. Loomis Sayles & Co. L P grew its position in 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 acquiring an additional 42,036 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in iShares J.P. Morgan EM Corporate Bond ETF by 6.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,569 shares of the company’s stock worth $256,000 after acquiring an additional 319 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its position in iShares J.P. Morgan EM Corporate Bond ETF by 3,375.0% in the third quarter. Princeton Global Asset Management LLC now owns 2,085 shares of the company’s stock valued at $96,000 after purchasing an additional 2,025 shares during the period.

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.