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.
| DAY | Comment on Price | Close price [USD] | NAV [USD] | NAV Change | Comment on NAV |
| Mar 20 | (EMB:$84.22) increases on low volume | 84.21 | 84.38 | 0.15 | |
| Mar 17 | (EMB:$84.53) falls for a second consecutive day, a two-day fall of 0.5% | 84.2 | 84.23 | -0.06 | |
| Mar 16 | (EMB:$84.75) falls on low volume | 84.58 | 84.29 | -0.18 | |
| Mar 15 | (EMB:$84.71) increases on low volume | 84.94 | 84.47 | -0.39 | Steepest Fall |
| Mar 14 | (EMB:$84.81) falls for a second consecutive day, a two-day fall of 0.2% | 84.63 | 84.86 | 0.33 | Top 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:
| Description | Value | Rank In Market |
| Today's Turnover | $53.6 million | In Top 4% |
| Volatility % | 0.2 | In Top Quartile |
SECTION 2
ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BEARISH SIGNALS
Low Performance Indicators:
| Description | Value | Rank In Market |
| % Prem to Vol Wtd Price | 0.2 | In Bottom Quartile |
| Price to Sales | 19 | In 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$1000 | 1-week | 1-month | 1-year |
| EMB.P | 1,002 | 1,018 | 969 |
| 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 |
| Volume | 485,455,298 |
| Volume Index (1 is avg) | 1.0 |
3.3 Trailing Price Change %
| Price Change % | Quarter | Year | 3 Years |
| EMB | -0.7 | -7.4 | 2.7 |
| 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 $15.1 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.
| Close Price | MCap ($ B) | |
| Last | $84.21 | 15.1 |
| 1 Year ago | $93.25 | 16.5 |
| 2 Years ago | $101.87 | 17.9 |
| 3 Years ago | $86.67 | 13.3 |
| 4 Years ago | $94.36 | 17.4 |
| 5 Years ago | $93.63 | 13.4 |
3.5 Moving Annual Return of -3.2% in the past year:
Moving Annual Return was -3.2% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 2.9%. The Moving Annual Return has been negative in 3 out of 5 years.
| EMB | Close ($) | Dividends ($) | Capital Gain / (Loss) % | % Yield | Annual Return % |
| Mar 21 | 84.83 | 3.9 | (7.4) | 4.3 | (3.2) |
| 1 Yr ago | 91.62 | 3.92 | (9.1) | 3.9 | (5.2) |
| 2 Yrs ago | 100.78 | 1.78 | 22.1 | 2.2 | 24.2 |
| 3 Yrs ago | 82.57 | 5.11 | (13.4) | 5.4 | (8.1) |
| 4 Yrs ago | 95.4 | 3.98 | 2.5 | 4.3 | 6.8 |
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%.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
| Close | 84.86 | 94.49 | 101.47 | 103.02 | 93.98 | 93.61 |
| % Price Change | -10.2 | -6.9 | -1.5 | 9.6 | 0.4 | 3.6 |
| Avg Daily Volume | 7,179,059 | 5,296,503 | 3,799,128 | 2,486,516 | 2,560,788 | 1,534,975 |
| VWP | 84.85 | 102.1 | 100.26 | 99.26 | 90.17 | 93.82 |
| Turnover Period | 36 d | 44 d | 2 mo | 3 mo | 5 mo | 4 mo |
| Price Range | 74.78 - 96.09 | 92.26 - 106.72 | 77.06 - 107.05 | 93.11 - 105.86 | 86.42 - 94.31 | 88 - 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 $US969, ranking it 1201 out of 4,622 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 76.
| Description | Value | Rank | Quartile |
| Net Assets (US$) | 12.4B | 84 | Top |
| Price/NAV | 1.0 | 962 | Top |
| Rel Strength 6 Mo (US$) | 76 | 1106 | Top |
| PV$1000 (1Year) US$ | 969 | 1201 | Second |
4.2 Rank in the Total United States ETF Market [out of 1,824 ETFs]
| Description | Value | Rank |
| Rel Strength 6 Mon ($) | 65 | 636 |
| PV1000-1Year ($) | 969 | 609 |
SECTION 5
ANALYST RECOMMENDATION
| Date | Brokerage | Action | Current Rating | Past Rating |
| Apr 30,2022 | Morningstar, Inc. | Downgrade | 3 out of 5 | 4 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) | Units | Value, $ |
| Pharo Management, Inc. (0001478032) | 1,235,977 | 103.7 M |
| Leucadia National Corp (0000096223) | 732,587 | 61.5 M |
| Amia Capital LLP (0001712575) | 236,669 | 19.9 M |
| Frisch Financial Group, Inc. (0001767730) | 104,319 | 8.8 M |
| Sagil Capital LLP (0001747744) | 100,000 | 8.4 M |
| Total | 2,409,552 | 202.2 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) | Units | Value, $ |
| Citizens Business Bank (0001948632) | 1,307,195 | 101.2 M |
| Virtus Investment Advisers, Inc. (0000019481) | 936,714 | 72.5 M |
| Jefferies Group LLC (0001084580) | 228,560 | 17.7 M |
| Nationwide Asset Management LLC (0001802257) | 196,000 | 15.2 M |
| BREWIN DOLPHIN WEALTH MANAGEMENT LTD (0001954056) | 175,357 | 13.6 M |
| Total | 2,843,826 | 220.1 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 Date | December 17, 2007 |
| Expense Ratio | 0.4% of average net assets |
| Category | Worldwide Bond |
| Fund Family Name | iShares |
| Index Tracked | J.P. Morgan EMBI Global Core Index |
| Asset Class | Bond |
7.3 Contact Details
| Website | http://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
| ISIN | US4642882819 |
| CUSIP | 464288281 |
| Inception Date | Dec 17, 2007 |
| Index Tracked | J.P. Morgan EMBI Global Core Index |
| Asset Class | Bond |
| Focus | Broad Credit |
| Country | UNITED STATES |
| Mar 21, 2023 | $84.83 |
| Mar 20 NAV | $84.38 |
| Price/NAV | 1.01 |
| DPS (past 12 months) | $4 |
| Ave Daily Volume | 7,264,182 units |
| 52-Week Price Range | 74.78 - 94.36 |
| Market Cap | $15 billion |
| Units Outstanding | 177,800,000 |
| Institutional Ownership | 129,253,296 |
| % of units outstanding | 72.6% |
| 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)
| Holdings | Weight (%) |
| BlackRock Cash Funds Treasury SL Agency | 1.1 |
| 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 | % |
| Sovereign | 80.8 |
| Corporate | 18 |
| Other | 0.7 |
| CASH | 0.5 |
EMB.P
CIK: 1100663
CUSIP: 464288281
Source: www.BuySellSignals.com