iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Hits New 52-Week High – Here’s Why

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares reached a new 52-week high on Thursday . The company 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 Trading Up 0.2%

The stock has a 50-day moving average of $42.41 and a 200 day moving average of $42.11.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

Several large investors have recently modified their holdings of LEMB. Lam Group Inc. lifted its stake in shares of 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 buying an additional 9,105 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at approximately $270,000. EverSource Wealth Advisors LLC raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock valued at $435,000 after acquiring an additional 3,024 shares during the period. Bank of New York Mellon Corp lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock worth $32,181,000 after acquiring an additional 133,403 shares in the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the first quarter worth $957,000.

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.