iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Trading Up 0.3% – Here’s Why

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares were up 0.3% on Friday . The company traded as high as $37.97 and last traded at $37.96. Approximately 16,285 shares were traded during trading, a decline of 77% from the average daily volume of 72,302 shares. The stock had previously closed at $37.85.

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

The stock’s 50 day moving average is $36.76 and its two-hundred day moving average is $37.02.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at approximately $98,000. City National Bank of Florida MSD acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at approximately $200,000. Vicus Capital acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at approximately $1,347,000. Finally, Foster & Motley Inc. grew its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 620.0% during the fourth quarter. Foster & Motley Inc. now owns 49,952 shares of the company’s stock valued at $1,803,000 after purchasing an additional 43,014 shares during the period.

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.