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

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) hit a new 52-week high on Tuesday . The stock traded as high as $42.87 and last traded at $42.8450, with a volume of 83291 shares. The stock had previously closed at $42.83.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Up 0.0%

The company has a 50 day moving average of $42.07 and a 200 day moving average of $41.53.

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

A number of large investors have recently bought and sold shares of LEMB. Bank of New York Mellon Corp raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 655,344 shares of the company’s stock valued at $27,243,000 after buying an additional 34,428 shares in the last quarter. Fisher Asset Management LLC boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock worth $426,000 after purchasing an additional 382 shares during the period. EverSource Wealth Advisors LLC grew its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $317,000 after purchasing an additional 4,825 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth $116,000. Finally, Lam Group Inc. boosted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% during the 4th quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after buying an additional 20,455 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.