iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 12-Month High – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMBGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company 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 Trading Down 0.2%

The business has a fifty day moving average price of $42.10 and a 200-day moving average price of $41.54.

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 stock. Farther Finance Advisors LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 4th quarter valued at $116,000. EverSource Wealth Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at $116,000. Rosenberg Matthew Hamilton lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock valued at $289,000 after acquiring an additional 387 shares during the period. Fisher Asset Management LLC lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% in the fourth quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after acquiring an additional 382 shares during the period. Finally, Oak Family Advisors LLC purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $997,000.

iShares J.P. Morgan EM Local Currency Bond ETF Company Profile

(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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