iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 52-Week High – Time to Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares reached a new 52-week high on Tuesday . The stock traded as high as $43.43 and last traded at $43.41, with a volume of 3872 shares traded. The stock had previously closed at $43.35.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Up 0.2%

The business’s fifty day simple moving average is $42.59 and its 200-day simple moving average is $42.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LEMB. Keystone Global Partners LLC purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter worth approximately $957,000. Foster & Motley Inc. lifted 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 worth $10,428,000 after acquiring an additional 33,111 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 133,403 shares in the last quarter. Lam Group Inc. boosted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% in the 2nd quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock valued at $6,041,000 after purchasing an additional 9,105 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at $270,000.

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.