Montecito Bank & Trust Cuts Position in iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)

Montecito Bank & Trust trimmed its position in iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) by 9.6% during the second quarter, HoldingsChannel.com reports. The firm owned 38,497 shares of the exchange traded fund’s stock after selling 4,090 shares during the quarter. iShares JP Morgan USD Emerging Markets Bond ETF comprises 1.3% of Montecito Bank & Trust’s investment portfolio, making the stock its 17th biggest position. Montecito Bank & Trust’s holdings in iShares JP Morgan USD Emerging Markets Bond ETF were worth $4,361,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EMB. Meeder Asset Management Inc. grew its stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF by 4,050.6% in the first quarter. Meeder Asset Management Inc. now owns 320,715 shares of the exchange traded fund’s stock valued at $35,299,000 after buying an additional 312,988 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF in the first quarter valued at about $31,242,000. BNP Paribas Arbitrage SA grew its stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF by 79.0% in the first quarter. BNP Paribas Arbitrage SA now owns 457,665 shares of the exchange traded fund’s stock valued at $50,371,000 after buying an additional 202,013 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF in the first quarter valued at about $20,745,000. Finally, NextCapital Advisers Inc. acquired a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF in the first quarter valued at about $17,125,000.

Shares of EMB stock traded up $0.35 during trading hours on Tuesday, reaching $114.09. The company had a trading volume of 2,811,107 shares, compared to its average volume of 4,645,896. iShares JP Morgan USD Emerging Markets Bond ETF has a twelve month low of $102.15 and a twelve month high of $114.09. The company’s fifty day simple moving average is $112.62.

About iShares JP 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.

Further Reading: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)

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