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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) reached a new 52-week high on Tuesday . The stock traded as high as $43.43 and last traded at $43.41, with a volume of 3872 shares. The stock had previously closed at $43.35.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Down 0.3%

The stock has a fifty day simple moving average of $42.63 and a two-hundred day simple moving average of $42.16.

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

Several large investors have recently bought and sold shares of LEMB. Ameriprise Financial Inc. grew its position in iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% in the second 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 last quarter. Blue Edge Capital LLC boosted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 2nd quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock valued at $2,986,000 after purchasing an additional 1,730 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 8.3% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,472 shares of the company’s stock valued at $2,737,000 after purchasing an additional 5,072 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 4th quarter valued at approximately $116,000. Finally, EverSource Wealth Advisors LLC increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock worth $317,000 after purchasing an additional 4,825 shares in 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.