iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw an uptick in trading volume on Tuesday . 439,696 shares changed hands during trading, an increase of 65% from the previous session’s volume of 266,446 shares.The stock last traded at $42.7650 and had previously closed at $42.78.

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

The stock’s 50-day moving average price is $42.12 and its 200-day moving average price is $41.59.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of LEMB. Oak Family Advisors LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at approximately $997,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% during the 2nd 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 during the period. Foster & Motley Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 47.9% during the 3rd quarter. Foster & Motley Inc. now owns 198,705 shares of the company’s stock worth $8,189,000 after buying an additional 64,329 shares during the last quarter. Lam Group Inc. increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 19.7% in the third quarter. Lam Group Inc. now owns 101,715 shares of the company’s stock worth $4,192,000 after buying an additional 16,720 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the second quarter worth $2,037,000.

iShares J.P. Morgan EM Local Currency Bond ETF Company Profile

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.