iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Raises Dividend to $0.44 Per Share

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be paid a dividend of $0.4436 per share by the exchange traded fund on Tuesday, October 6th. This represents a $5.32 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, October 1st. This is a 7.2% increase from iShares J.P. Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.4137.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Down 0.5%

Shares of EMB stock opened at $90.84 on Thursday. The firm’s 50 day moving average price is $94.18 and its two-hundred day moving average price is $95.05. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 52-week low of $90.78 and a 52-week high of $97.80.

Hedge Funds Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

Several institutional investors have recently modified their holdings of EMB. Compass Financial Management LLC bought a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 2nd quarter worth approximately $31,000. Harbor Investment Advisory LLC boosted its position in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 1,333.3% during the second quarter. Harbor Investment Advisory LLC now owns 387 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 360 shares in the last quarter. First United Bank & Trust grew its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 34.2% in the 1st quarter. First United Bank & Trust now owns 1,016 shares of the exchange traded fund’s stock valued at $95,000 after buying an additional 259 shares during the period. Centennial Bank AR grew its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 461.6% in the 4th quarter. Centennial Bank AR now owns 1,432 shares of the exchange traded fund’s stock valued at $138,000 after buying an additional 1,177 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF in the 1st quarter valued at $173,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

About iShares J.P. Morgan USD Emerging Markets Bond ETF

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.