iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 1-Year High – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.13 and last traded at $43.12, with a volume of 87480 shares traded. The stock had previously closed at $42.97.

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

The firm’s 50 day simple moving average is $42.45 and its 200 day simple moving average is $42.12.

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

Several institutional investors have recently added to or reduced their stakes in LEMB. Keystone Global Partners LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at about $957,000. Foster & Motley Inc. lifted its stake 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 valued at $10,428,000 after acquiring an additional 33,111 shares during the last quarter. Bank of New York Mellon Corp lifted 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 acquiring an additional 133,403 shares during the last quarter. Lam Group Inc. boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% during the 2nd quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock valued at $6,041,000 after acquiring an additional 9,105 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $2,051,000 after acquiring an additional 13,115 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.