iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Unusually-High Trading Volume – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares saw unusually-strong trading volume on Tuesday . Approximately 226,567 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 283,823 shares.The stock last traded at $41.35 and had previously closed at $41.58.

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

The stock’s 50-day moving average price is $41.57 and its 200-day moving average price is $41.86.

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

Several large investors have recently made changes to their positions in LEMB. Bank of New York Mellon Corp grew its holdings in 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 worth $32,181,000 after buying an additional 133,403 shares in the last quarter. Foster & Motley Inc. lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% in the first quarter. Foster & Motley Inc. now owns 255,579 shares of the company’s stock worth $10,428,000 after purchasing an additional 33,111 shares during the period. Keystone Global Partners LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the 1st quarter valued at about $957,000. Lam Group Inc. increased 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 valued at $5,079,000 after buying an additional 20,455 shares during the period. Finally, Vicus Capital raised its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 152.3% during the 4th quarter. Vicus Capital now owns 26,344 shares of the company’s stock worth $1,095,000 after buying an additional 15,901 shares in 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.