iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Reaches New 52-Week High – What’s Next?

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 Stock Performance

The stock’s fifty day moving average price is $42.50 and its two-hundred day moving average price is $42.12.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% during the second quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $2,051,000 after buying an additional 13,115 shares during the period. Blue Edge Capital LLC raised its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% during the second 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. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in 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 acquiring an additional 5,072 shares during the period. Farther Finance Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth $116,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $317,000 after acquiring an additional 4,825 shares in the last quarter.

iShares J.P. Morgan EM Local Currency Bond ETF Company Profile

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.