iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 52-Week High – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.12 and last traded at $42.9150, with a volume of 89905 shares trading hands. The stock had previously closed at $42.79.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Down 0.1%

The stock’s 50-day moving average is $42.16 and its 200-day moving average is $41.63.

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

Several hedge funds have recently modified their holdings of LEMB. Oak Family Advisors LLC acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at about $997,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,400 shares of the company’s stock valued at $2,478,000 after buying an additional 3,619 shares during the last quarter. Foster & Motley Inc. boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 47.9% during the 3rd quarter. Foster & Motley Inc. now owns 198,705 shares of the company’s stock worth $8,189,000 after buying an additional 64,329 shares during the period. Lam Group Inc. boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 19.7% during the 3rd quarter. Lam Group Inc. now owns 101,715 shares of the company’s stock worth $4,192,000 after buying an additional 16,720 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter valued at approximately $2,037,000.

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.