iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Shares Down 0.4% – What’s Next?

by · The Markets Daily

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB – Get Free Report) traded down 0.4% during mid-day trading on Monday . The stock traded as low as $41.43 and last traded at $41.45. 68,599 shares traded hands during trading, a decline of 31% from the average session volume of 99,390 shares. The stock had previously closed at $41.62.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Performance

The stock’s 50 day simple moving average is $41.73 and its two-hundred day simple moving average is $41.03.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth approximately $116,000. Vicus Capital purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth $583,000. Oak Family Advisors LLC purchased a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $997,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter valued at about $2,037,000. Finally, Ameriprise Financial Inc. increased its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock worth $2,051,000 after buying an additional 13,115 shares during the period.

About iShares J.P. Morgan EM Local Currency Bond ETF

(Get Free Report)

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.

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