iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Price Up 0.3% – Time to Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB)’s share price shot up 0.3% during trading on Monday . The company traded as high as $42.88 and last traded at $42.85. Approximately 42,307 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 220,492 shares. The stock had previously closed at $42.73.

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

The company has a 50 day simple moving average of $42.85 and a 200 day simple moving average of $42.20.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nilsine Partners LLC raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% in the 2nd quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock valued at $1,540,000 after acquiring an additional 919 shares during the period. Lam Group Inc. lifted its position 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 worth $6,041,000 after acquiring an additional 9,105 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter worth approximately $270,000. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the first quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock worth $435,000 after acquiring an additional 3,024 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% in 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 purchasing an additional 133,403 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.