iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Stock Price Down 0.4% – Here’s What Happened

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) shares fell 0.4% on Monday. The company traded as low as $44.08 and last traded at $44.14. Approximately 85,605 shares changed hands during trading, an increase of 37% from the average daily volume of 62,627 shares. The stock had previously closed at $44.31.

iShares J.P. Morgan EM Corporate Bond ETF Stock Down 0.4%

The firm’s fifty day moving average is $45.06 and its two-hundred day moving average is $45.37.

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

A hedge fund recently bought a new stake in iShares J.P. Morgan EM Corporate Bond ETF stock. Nilsine Partners LLC bought a new position in shares of iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,989 shares of the company’s stock, valued at approximately $3,662,000. Nilsine Partners LLC owned approximately 0.82% of iShares J.P. Morgan EM Corporate Bond ETF at the end of the most recent 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.