iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Reaches New 52-Week High – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) hit a new 52-week high during trading on Monday . The company traded as high as $42.79 and last traded at $42.7750, with a volume of 91669 shares changing hands. The stock had previously closed at $42.53.

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

The business’s 50-day moving average price is $41.96 and its two-hundred day moving average price is $41.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Foster & Motley Inc. lifted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 12.0% during the fourth quarter. Foster & Motley Inc. now owns 222,468 shares of the company’s stock worth $9,248,000 after purchasing an additional 23,763 shares during the period. Lam Group Inc. raised its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% during the 4th quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after buying an additional 20,455 shares during the period. Blue Edge Capital LLC grew its stake 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 valued at $2,986,000 after acquiring an additional 1,730 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 8.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,472 shares of the company’s stock worth $2,737,000 after acquiring an additional 5,072 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 16.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 58,956 shares of the company’s stock worth $2,430,000 after acquiring an additional 8,534 shares in the last quarter.

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.