iShares JPMorgan USD Emerging Markets Bond Fund (EMB:$84.83) rises for a second consecutive day, a two-day rise of 0.7% 21 March 2023

iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB), the 88th largest Exchange Traded Fund by market cap in the United States, has risen 62.0c (0.7%) for a second consecutive day on Tuesday. This brought its two-day rise to 63.0c (0.7%).

Its MCap is $15.1 billion.

Cumulative volume in the 2 days was 0.7 times the average 2-day volume of 7.3 million units. The ETF last traded at $84.83.

THE PAST WEEK [Price down 0.5% to $84.21; NAV down 0.6% to $84.38]

iShares JPMorgan USD Emerging Markets Bond Fund NAV fell in 3 out of last 5 days.

DAYComment on PriceClose price [USD]NAV [USD]NAV ChangeComment on NAV
Mar 20(EMB:$84.22) increases on low volume84.2184.380.15
Mar 17(EMB:$84.53) falls for a second consecutive day, a two-day fall of 0.5%84.284.23-0.06
Mar 16(EMB:$84.75) falls on low volume84.5884.29-0.18
Mar 15(EMB:$84.71) increases on low volume84.9484.47-0.39Steepest Fall
Mar 14(EMB:$84.81) falls for a second consecutive day, a two-day fall of 0.2%84.6384.860.33Top Rise

Bullish Signals: Consecutive Rises

Blackrock Financial Management's iShares JPMorgan USD Emerging Markets Bond Fund (EMB: $84.83) in 2nd consecutive rise

iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB), extended its gains on Tuesday, rising an additional 62.0c (0.7%) to trade at $84.83 at 10:02 am, Tuesday.

This brought its 2-day rise to 0.7%.

There were 632,010 units worth $53.6 million traded so far today. The volume was 0.1 times the average trading volume of 7.3 million units since open.

SECTION 1

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BULLISH SIGNALS

1.1 Technicals:

+ The price increased 0.2% in the last week and 1.3% in the last month.

1.2 High Performance Indicators:

DescriptionValueRank In Market
Today's Turnover$53.6 millionIn Top 4%
Volatility %0.2In Top Quartile

SECTION 2

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BEARISH SIGNALS

Low Performance Indicators:

DescriptionValueRank In Market
% Prem to Vol Wtd Price0.2In Bottom Quartile
Price to Sales19In Bottom Quartile

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 632,010 units worth $53.6 million traded today. In the past week, volume was 1.3 times average and the units were up 0.2%. The volume was 0.1 times the average daily trading of 7.3 million units.

+ iShares JPMorgan USD Emerging Markets Bond Fund is at a discount of 10.1% to its 12-month high of $94.36 on April 04, 2022. It is also at a premium of 13.4% to the 12-month low of $74.78 on October 21, 2022.

+ The present value of $1,000 (PV1000) invested one year ago in iShares JPMorgan USD Emerging Markets Bond Fund is $969, comprising a capital loss of $74 and dividend reinvested of $43. A comparison with Morgan Stanley Capital International World Index [MSCI World] is shown below:

PV$10001-week1-month1-year
EMB.P1,0021,018969
MSCI World

+ The present value of USD1,000 (PV1000) invested ten years ago in iShares JPMorgan USD Emerging Markets Bond Fund is $1,081, for a capital gain of $81.

+ 10 years Multiplier in USD = 1.081x

+ Compound Annual Growth Rate (CAGR) in USD = 0.8%

3.2 Trailing 3 months

Turnover$41.9 billion
Volume485,455,298
Volume Index (1 is avg)1.0

3.3 Trailing Price Change %

Price Change %QuarterYear3 Years
EMB-0.7-7.42.7
MSCI World---

3.4 MCap: 5-Year Increase of $2 B (13%)

In the past 5 years Market Capitalization has increased by $1.7 billion (13%) from $13.4 billion to $15.1 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.

Close PriceMCap ($ B)
Last$84.2115.1
1 Year ago$93.2516.5
2 Years ago$101.8717.9
3 Years ago$86.6713.3
4 Years ago$94.3617.4
5 Years ago$93.6313.4

3.5 Moving Annual Return of -3.2% in the past year:

Moving Annual Return was -3.2% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 2.9%. The Moving Annual Return has been negative in 3 out of 5 years.

EMBClose ($)Dividends ($)Capital Gain / (Loss) %% YieldAnnual Return %
Mar 2184.833.9(7.4)4.3(3.2)
1 Yr ago91.623.92(9.1)3.9(5.2)
2 Yrs ago100.781.7822.12.224.2
3 Yrs ago82.575.11(13.4)5.4(8.1)
4 Yrs ago95.43.982.54.36.8

Close 5 years ago $93.05

3.6 Year-on-Year Comparison (Trailing year - ended 28 Feb)

In the past 5 years, EMB has declined 9.3% from 93.61 to 84.86, an average annual compound fall of 1.9%.

202320222021202020192018
Close84.8694.49101.47103.0293.9893.61
% Price Change-10.2-6.9-1.59.60.43.6
Avg Daily Volume7,179,0595,296,5033,799,1282,486,5162,560,7881,534,975
VWP84.85102.1100.2699.2690.1793.82
Turnover Period36 d44 d2 mo3 mo5 mo4 mo
Price Range74.78 - 96.0992.26 - 106.7277.06 - 107.0593.11 - 105.8686.42 - 94.3188 - 96.94

In the past 5 years average daily volume has jumped 367.7% from 1.5 million units to 7.2 million units. Turnover period has decreased from 4 months to 36 days.

SECTION 4

RANKING

4.1 Global Rank out of 4,622 ETFs

The present value of $US1,000 invested a year ago is $US969, ranking it 1201 out of 4,622 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 76.

DescriptionValueRankQuartile
Net Assets (US$)12.4B84Top
Price/NAV1.0962Top
Rel Strength 6 Mo (US$)761106Top
PV$1000 (1Year) US$9691201Second

4.2 Rank in the Total United States ETF Market [out of 1,824 ETFs]

DescriptionValueRank
Rel Strength 6 Mon ($)65636
PV1000-1Year ($)969609

SECTION 5

ANALYST RECOMMENDATION

DateBrokerageActionCurrent RatingPast Rating
Apr 30,2022Morningstar, Inc.Downgrade3 out of 54 out of 5

SECTION 6

REPORTED BUYING AND SELLING

6.1 Institutional ownership of EMB at Dec 31: Pharo Management top new unitholder

An analysis conducted after the mid - quarter deadline of February 14 for Q4 SEC filings by 6748 institutions shows that there were 5 new institutional unitholders. Pharo Management (1478032) was the largest new unitholder with 1.2 million units valued at $103.7 million as at December 31.

Top 5 New unitholders as at December 31, 2022

Value is shown at price of December 31, 2022 (in desc order of Units)

Institution (CIK)UnitsValue, $
Pharo Management, Inc. (0001478032)1,235,977103.7 M
Leucadia National Corp (0000096223)732,58761.5 M
Amia Capital LLP (0001712575)236,66919.9 M
Frisch Financial Group, Inc. (0001767730)104,3198.8 M
Sagil Capital LLP (0001747744)100,0008.4 M
Total2,409,552202.2 million

6.2 iShares JPMorgan USD Emerging Markets Bond Fund - Exits: Institutional unitholders as at December 31, 2022

Top 5 Exits in Q4/2022 (in desc order of units)

Institution (CIK)UnitsValue, $
Citizens Business Bank (0001948632)1,307,195101.2 M
Virtus Investment Advisers, Inc. (0000019481)936,71472.5 M
Jefferies Group LLC (0001084580)228,56017.7 M
Nationwide Asset Management LLC (0001802257)196,00015.2 M
BREWIN DOLPHIN WEALTH MANAGEMENT LTD (0001954056)175,35713.6 M
Total2,843,826220.1 million

SECTION 7

PROFILE

7.1 Description

iShares JPMorgan USD Emerging Markets Bond 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 broad, 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 Index includes both fixed and floating-rate instruments issued by sovereign and quasi-sovereign entities from index-eligible countries. The Index in market value weighted and is rebalanced monthly on the last business day of the month. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index. The Fund's investment advisor is Barclays Global Fund Advisors.

7.2 SNAPSHOT

iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB)

ISIN: US4642882819

Inception DateDecember 17, 2007
Expense Ratio0.4% of average net assets
CategoryWorldwide Bond
Fund Family NameiShares
Index TrackedJ.P. Morgan EMBI Global Core Index
Asset ClassBond

7.3 Contact Details

Websitehttp://us.ishares.com/product_info/fund/overview/EMB.htm
Physical Address 45 Fremont Street San Francisco, CA 94105 UNITED STATES
Phone (617) 937-5525

7.4 ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND ETF Dashboard [traded in US Dollars, USD] End-of-Day

ISINUS4642882819
CUSIP464288281
Inception DateDec 17, 2007
Index TrackedJ.P. Morgan EMBI Global Core Index
Asset Class Bond
FocusBroad Credit
CountryUNITED STATES
Mar 21, 2023$84.83
Mar 20 NAV$84.38
Price/NAV1.01
DPS (past 12 months)$4
Ave Daily Volume7,264,182 units
52-Week Price Range74.78 - 94.36
Market Cap$15 billion
Units Outstanding177,800,000
Institutional Ownership129,253,296
% of units outstanding72.6%
PV$1000 (1 yr)$969*

*If You Invested $1,000 in iShares JPMorgan USD Emerging Markets Bond Fund a year ago, This is How Much You Would Have Today: $969. USD1000 would have bought $1,000 for 10.9 units (@the then price of 91.62) worth $969 @84.83 today. Dividends reinvested are worth $43.

7.5 Fund Managers and Management Fees

+ The managers of the ETF are Karen Uyehara and James Mauro and Larry Fink and Robert Goldstein and Gary Shedlin and Rob Kapito. The management fee is 0.6% of total assets

SECTION 8

DIVIDEND

Dividend:0.4
Dividend Date:March 01, 2023
Dividend Yield:4.6%
Annual Dividend:$3.90

SECTION 9

TOP HOLDINGS & PORTFOLIO ALLOCATION

9.1 Top Holdings (February 22, 2023)

HoldingsWeight (%)
BlackRock Cash Funds Treasury SL Agency1.1
Kuwait State Of) 3.5%0.7
Ecuador Republic Of) 2.5%0.7
Uruguay Republic of) 5.1%0.7
Qatar State of) 5.103%0.6
Qatar State of) 4.817%0.5
Argentina Republic of) 1.5%0.5
Kazakhstan Republic Of) 5.125%0.5
Uruguay Republic of) 4.975%0.5
PETRONAS Capital Ltd. 4.55%0.5

9.2 Asset Allocation (February 21, 2023)

Asset Class%
Sovereign80.8
Corporate18
Other0.7
CASH0.5

EMB.P

CIK: 1100663

CUSIP: 464288281

Source: www.BuySellSignals.com