Sumitomo Mitsui Trust Group Inc. Increases Stock Position in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)

Sumitomo Mitsui Trust Group Inc. increased its position in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,916 shares of the exchange traded fund’s stock after acquiring an additional 34,191 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of iShares J.P. Morgan USD Emerging Markets Bond ETF worth $24,542,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 4th quarter worth approximately $28,000. Golden State Wealth Management LLC raised its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 140.7% in the 1st quarter. Golden State Wealth Management LLC now owns 325 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 190 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the 1st quarter worth approximately $30,000. Cullen Frost Bankers Inc. grew its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 89.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 415 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 196 shares during the period. Finally, Wintrust Investments LLC grew its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 92.1% in the 4th quarter. Wintrust Investments LLC now owns 534 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 256 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Down 0.1%

NASDAQ:EMB opened at $92.33 on Thursday. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 12 month low of $84.78 and a 12 month high of $93.97. The company has a 50 day simple moving average of $90.63 and a two-hundred day simple moving average of $90.20.

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

The business also recently announced a monthly dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st will be given a $0.3799 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Tuesday, July 1st.

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.