iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Shares Down 0.2% – Here’s What Happened

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) dropped 0.2% during mid-day trading on Monday . The company traded as low as $45.34 and last traded at $45.36. Approximately 60,964 shares changed hands during trading, a decline of 5% from the average session volume of 64,426 shares. The stock had previously closed at $45.44.

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

The company has a 50-day moving average of $45.55 and a 200-day moving average of $45.72.

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

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of iShares J.P. Morgan EM Corporate Bond ETF by 169.5% during the second quarter. BNP Paribas Financial Markets now owns 1,008 shares of the company’s stock worth $46,000 after purchasing an additional 634 shares during the period. J.Safra Asset Management Corp increased its stake in iShares J.P. Morgan EM Corporate Bond ETF by 10.0% in the 4th quarter. J.Safra Asset Management Corp now owns 3,056 shares of the company’s stock valued at $140,000 after buying an additional 278 shares during the period. Stronghold Wealth Management L.L.C. purchased a new position in iShares J.P. Morgan EM Corporate Bond ETF during the 4th quarter worth $589,000. Bank of New York Mellon Corp raised its position in iShares J.P. Morgan EM Corporate Bond ETF by 128.2% during the 1st quarter. Bank of New York Mellon Corp now owns 13,192 shares of the company’s stock worth $597,000 after buying an additional 7,410 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of iShares J.P. Morgan EM Corporate Bond ETF by 27.2% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 14,743 shares of the company’s stock worth $676,000 after acquiring an additional 3,153 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.