Financial Management Professionals Inc. Invests $52,000 in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)

Financial Management Professionals Inc. acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) in the first quarter, HoldingsChannel reports. The institutional investor acquired 580 shares of the exchange traded fund’s stock, valued at approximately $52,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Manning & Napier Group LLC raised its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 1.8% in the fourth quarter. Manning & Napier Group LLC now owns 8,087 shares of the exchange traded fund’s stock worth $720,000 after acquiring an additional 146 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF in the fourth quarter worth approximately $1,067,000. Sunbelt Securities Inc. increased its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 33.2% in the third quarter. Sunbelt Securities Inc. now owns 3,135 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 782 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 184.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 2,550,683 shares of the exchange traded fund’s stock worth $227,164,000 after buying an additional 1,654,771 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 25.6% during the fourth quarter. AdvisorNet Financial Inc now owns 14,343 shares of the exchange traded fund’s stock worth $1,277,000 after purchasing an additional 2,924 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Down 0.8 %

Shares of iShares J.P. Morgan USD Emerging Markets Bond ETF stock opened at $88.48 on Friday. The stock has a 50 day moving average price of $88.78 and a two-hundred day moving average price of $88.44. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 12-month low of $79.70 and a 12-month high of $90.08.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a $0.3627 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $4.35 annualized dividend and a dividend yield of 4.92%.

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.