iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 86.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,852 shares of the exchange traded fund’s stock after selling 134,429 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMB. Nationwide Fund Advisors acquired a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 3rd quarter valued at approximately $193,097,000. Bessemer Group Inc. raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 5.9% during the 1st quarter. Bessemer Group Inc. now owns 2,183,616 shares of the exchange traded fund’s stock worth $205,107,000 after buying an additional 122,317 shares during the period. Bank of New York Mellon Corp raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,745,556 shares of the exchange traded fund’s stock worth $163,960,000 after buying an additional 81,618 shares during the period. Nvwm LLC acquired a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter worth approximately $2,270,000. Finally, Syon Capital LLC lifted its stake in iShares J.P. Morgan USD Emerging Markets Bond ETF by 16.0% in the second quarter. Syon Capital LLC now owns 169,689 shares of the exchange traded fund’s stock valued at $16,365,000 after buying an additional 23,372 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

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

Shares of EMB opened at $91.96 on Friday. iShares J.P. Morgan USD Emerging Markets Bond ETF has a twelve month low of $89.69 and a twelve month high of $97.80. The firm’s 50 day moving average price is $92.29 and its two-hundred day moving average price is $94.86.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a dividend of $0.4037 per share. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4436. This represents a $4.84 dividend on an annualized basis and a dividend yield of 5.3%.

About iShares J.P. Morgan USD Emerging Markets Bond ETF

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. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.