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)’s share price rose 0.3% on Friday . The stock traded as high as $37.97 and last traded at $37.96. Approximately 16,285 shares changed hands during mid-day 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 Up 0.3 %

The stock’s fifty day simple moving average is $36.76 and its 200-day simple moving average is $37.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $98,000. City National Bank of Florida MSD bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth about $200,000. Vicus Capital bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth about $1,347,000. Finally, Foster & Motley Inc. grew its holdings in shares of 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 worth $1,803,000 after purchasing an additional 43,014 shares during 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.