iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Large Volume Increase – Here’s What Happened

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw strong trading volume on Tuesday . 208,859 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 243,366 shares.The stock last traded at $42.31 and had previously closed at $42.27.

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

The firm has a 50-day moving average of $42.16 and a 200-day moving average of $42.01.

Institutional Investors Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock valued at $32,181,000 after buying an additional 133,403 shares during the last quarter. Foster & Motley Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% during the first 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 in the last quarter. Lam Group Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% during the second quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock valued at $6,041,000 after acquiring an additional 9,105 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 22.1% during the fourth 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 in the last quarter. Finally, Blue Edge Capital LLC increased its holdings in 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 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.