iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Shares Up 0.5% – Here’s What Happened

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB)’s stock price shot up 0.5% during mid-day trading on Tuesday . The company traded as high as $41.90 and last traded at $41.85. 124,391 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 266,001 shares. The stock had previously closed at $41.65.

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

The stock has a fifty day moving average price of $41.84 and a 200-day moving average price of $41.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock valued at $32,181,000 after acquiring an additional 133,403 shares during the period. Foster & Motley Inc. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% in the 1st quarter. Foster & Motley Inc. now owns 255,579 shares of the company’s stock valued at $10,428,000 after acquiring an additional 33,111 shares during the period. Lam Group Inc. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 9.1% in the 1st quarter. Lam Group Inc. now owns 133,280 shares of the company’s stock valued at $5,438,000 after acquiring an additional 11,110 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 22.1% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 81,195 shares of the company’s stock valued at $3,384,000 after acquiring an additional 14,723 shares during the period. Finally, Blue Edge Capital LLC increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 2nd quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock valued at $2,986,000 after acquiring an additional 1,730 shares during the period.

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.