iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Trading Up 2% – What’s Next?

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) shares shot up 2% on Monday . The stock traded as high as $39.60 and last traded at $39.9760. 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 has a 50-day moving average of $39.77 and a two-hundred day moving average of $38.97.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of iShares J.P. Morgan EM High Yield Bond ETF by 50.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,608 shares of the company’s stock worth $61,000 after buying an additional 540 shares during the period. Private Trust Co. NA purchased a new position in iShares J.P. Morgan EM High Yield Bond ETF in the third quarter valued at about $127,000. Farther Finance Advisors LLC raised its position in iShares J.P. Morgan EM High Yield Bond ETF by 156.6% in the third quarter. Farther Finance Advisors LLC now owns 3,436 shares of the company’s stock valued at $136,000 after purchasing an additional 2,097 shares during the period. Arkadios Wealth Advisors purchased a new position in iShares J.P. Morgan EM High Yield Bond ETF in the third quarter valued at about $207,000. Finally, Jones Financial Companies Lllp raised its position in iShares J.P. Morgan EM High Yield Bond ETF by 20,692.9% in the first quarter. Jones Financial Companies Lllp now owns 5,822 shares of the company’s stock valued at $236,000 after purchasing an additional 5,794 shares during the period.

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.