iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Reaches New 1-Year High – Here’s What Happened

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $43.24 and last traded at $43.21, with a volume of 4027 shares trading hands. The stock had previously closed at $42.99.

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

The business’s 50 day moving average is $42.55 and its 200 day moving average is $42.13.

Institutional Trading of iShares J.P. Morgan EM Local Currency Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC lifted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% in the 4th quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock worth $426,000 after acquiring an additional 382 shares in the last quarter. Blue Edge Capital LLC grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% during 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 in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at about $116,000. EverSource Wealth Advisors LLC increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock valued at $435,000 after purchasing an additional 3,024 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 8.3% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,472 shares of the company’s stock worth $2,737,000 after purchasing an additional 5,072 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.