iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Trading 3.6% Higher – What’s Next?

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) shares were up 3.6% on Monday . The stock traded as high as $39.60 and last traded at $40.5950. Approximately 93,063 shares traded hands during mid-day trading, an increase of 11% from the average daily 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 stock has a 50-day moving average price of $40.40 and a 200 day moving average price of $39.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of iShares J.P. Morgan EM High Yield Bond ETF in the second quarter worth approximately $1,416,000. Sound Income Strategies LLC increased its position in iShares J.P. Morgan EM High Yield Bond ETF by 0.5% during the fourth quarter. Sound Income Strategies LLC now owns 1,007,306 shares of the company’s stock worth $40,776,000 after purchasing an additional 4,697 shares during the last quarter. Jones Financial Companies Lllp raised its stake in iShares J.P. Morgan EM High Yield Bond ETF by 20,692.9% during the first quarter. Jones Financial Companies Lllp now owns 5,822 shares of the company’s stock worth $236,000 after purchasing an additional 5,794 shares during the period. Ameriflex Group Inc. boosted its holdings in shares of iShares J.P. Morgan EM High Yield Bond ETF by 204.3% in the 3rd quarter. Ameriflex Group Inc. now owns 1,570 shares of the company’s stock valued at $62,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Mount Lucas Management LP boosted its holdings in shares of iShares J.P. Morgan EM High Yield Bond ETF by 0.4% in the 2nd quarter. Mount Lucas Management LP now owns 67,401 shares of the company’s stock valued at $2,627,000 after purchasing an additional 259 shares during the last quarter.

iShares J.P. Morgan EM High Yield Bond ETF Company Profile

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.