iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 1-Year High – What’s Next?

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) hit a new 52-week high during trading on Saturday . The stock traded as high as $42.32 and last traded at $42.30, with a volume of 685681 shares changing hands. The stock had previously closed at $42.17.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Performance

The company’s 50 day moving average price is $41.82 and its 200-day moving average price is $41.25.

Institutional Trading of iShares J.P. Morgan EM Local Currency Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock worth $289,000 after buying an additional 387 shares during the last quarter. Blue Edge Capital LLC grew its position in iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the second quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock worth $2,986,000 after acquiring an additional 1,730 shares in the last quarter. Farther Finance Advisors LLC bought a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at $116,000. EverSource Wealth Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at about $116,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,400 shares of the company’s stock valued at $2,478,000 after purchasing an additional 3,619 shares in the last quarter.

About iShares J.P. Morgan EM Local Currency Bond ETF

The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted index of sovereign debt denominated in issuers’ local currencies, with limits on country exposure. LEMB was launched on Oct 18, 2011 and is managed by BlackRock.