iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Stock Price Cross Above 200-Day Moving Average – Here’s Why

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.00 and traded as high as $38.84. iShares J.P. Morgan EM High Yield Bond ETF shares last traded at $38.75, with a volume of 46,780 shares traded.

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

The business’s 50-day simple moving average is $38.66 and its two-hundred day simple moving average is $38.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC acquired a new stake in iShares J.P. Morgan EM High Yield Bond ETF in the 2nd quarter valued at about $296,000. First Horizon Advisors Inc. raised its holdings in iShares J.P. Morgan EM High Yield Bond ETF by 446.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,513 shares of the company’s stock valued at $56,000 after acquiring an additional 1,236 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in iShares J.P. Morgan EM High Yield Bond ETF by 3.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 36,172 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,175 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in iShares J.P. Morgan EM High Yield Bond ETF in the 3rd quarter valued at about $55,000. Finally, Mount Lucas Management LP raised its holdings in iShares J.P. Morgan EM High Yield Bond ETF by 4.6% in the 3rd quarter. Mount Lucas Management LP now owns 66,307 shares of the company’s stock valued at $2,587,000 after acquiring an additional 2,942 shares during the last quarter.

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.