SBI Okasan Asset Management Co.Ltd. Makes New $650.47 Million Investment in iShares J.P. Morgan USD Emerging Markets Bond ETF $EMB

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 6,734,380 shares of the exchange traded fund’s stock, valued at approximately $650,474,000. iShares J.P. Morgan USD Emerging Markets Bond ETF makes up approximately 35.8% of SBI Okasan Asset Management Co.Ltd.’s holdings, making the stock its 2nd largest holding.

A number of other hedge funds also recently added to or reduced their stakes in EMB. Redwood Investment Management LLC lifted its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 37.9% during the 2nd quarter. Redwood Investment Management LLC now owns 3,681 shares of the exchange traded fund’s stock worth $341,000 after buying an additional 1,012 shares in the last quarter. WFA of San Diego LLC acquired a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 2nd quarter worth approximately $441,000. Cullen Frost Bankers Inc. lifted its holdings in iShares J.P. Morgan USD Emerging Markets Bond ETF by 54.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 524 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 185 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 3rd quarter valued at $323,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,370,578 shares of the exchange traded fund’s stock valued at $130,465,000 after purchasing an additional 41,366 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of EMB opened at $96.23 on Friday. iShares J.P. Morgan USD Emerging Markets Bond ETF has a twelve month low of $89.96 and a twelve month high of $97.80. The firm’s fifty day simple moving average is $95.15 and its 200-day simple moving average is $95.99.

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

The company also recently disclosed a dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.4101 dividend. The ex-dividend date was Friday, May 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. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.