iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Trading Up 3% – Time to Buy?

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) shares traded up 3% during trading on Monday . The company traded as high as $39.60 and last traded at $40.3950. 93,063 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 83,732 shares. The stock had previously closed at $39.20.

iShares J.P. Morgan EM High Yield Bond ETF Price Performance

The firm’s 50-day simple moving average is $40.27 and its 200 day simple moving average is $39.74.

Institutional Trading of iShares J.P. Morgan EM High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mount Lucas Management LP grew its position in iShares J.P. Morgan EM High Yield Bond ETF by 0.4% in the second quarter. Mount Lucas Management LP now owns 67,401 shares of the company’s stock worth $2,627,000 after buying an additional 259 shares during the last quarter. Ameriflex Group Inc. boosted its stake in shares of iShares J.P. Morgan EM High Yield Bond ETF by 204.3% during the 3rd quarter. Ameriflex Group Inc. now owns 1,570 shares of the company’s stock worth $62,000 after acquiring an additional 1,054 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares J.P. Morgan EM High Yield Bond ETF by 156.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,436 shares of the company’s stock worth $136,000 after acquiring an additional 2,097 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of iShares J.P. Morgan EM High Yield Bond ETF in the 3rd quarter worth $127,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of iShares J.P. Morgan EM High Yield Bond ETF during the third quarter worth $207,000.

About iShares J.P. Morgan EM High Yield Bond ETF

The iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index comprising USD denominated emerging markets high yield bonds. EMHY was launched on Apr 3, 2012 and is managed by BlackRock.