iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Shares Up 0.7% – Still a Buy?

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB)’s share price rose 0.7% during mid-day trading on Friday . The company traded as high as $44.56 and last traded at $44.60. Approximately 85,438 shares were traded during trading, The stock had previously closed at $44.30.

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

The company’s 50-day simple moving average is $44.75 and its 200 day simple moving average is $45.04.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEMB. Loomis Sayles & Co. L P increased its position in shares of iShares J.P. Morgan EM Corporate Bond ETF by 30.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 179,024 shares of the company’s stock valued at $8,235,000 after purchasing an additional 42,036 shares during the last quarter. Arkansas Financial Group Inc. boosted its stake in iShares J.P. Morgan EM Corporate Bond ETF by 35.9% during the fourth quarter. Arkansas Financial Group Inc. now owns 12,626 shares of the company’s stock worth $560,000 after buying an additional 3,332 shares during the period. Princeton Global Asset Management LLC boosted its stake in iShares J.P. Morgan EM Corporate Bond ETF by 3,375.0% during the third quarter. Princeton Global Asset Management LLC now owns 2,085 shares of the company’s stock worth $96,000 after buying an additional 2,025 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in iShares J.P. Morgan EM Corporate Bond ETF by 6.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,569 shares of the company’s stock valued at $256,000 after acquiring an additional 319 shares during the last quarter.

iShares J.P. Morgan EM Corporate Bond ETF Company Profile

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.