Foster & Motley Inc. Purchases 33,111 Shares of iShares J.P. Morgan EM Local Currency Bond ETF $LEMB

Foster & Motley Inc. increased its position in iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 255,579 shares of the company’s stock after acquiring an additional 33,111 shares during the period. Foster & Motley Inc.’s holdings in iShares J.P. Morgan EM Local Currency Bond ETF were worth $10,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 655,344 shares of the company’s stock valued at $27,243,000 after purchasing an additional 34,428 shares during the last quarter. Lam Group Inc. raised its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% in the fourth quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after purchasing an additional 20,455 shares during the last quarter. Vicus Capital raised its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 152.3% in the fourth quarter. Vicus Capital now owns 26,344 shares of the company’s stock worth $1,095,000 after purchasing an additional 15,901 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 22.1% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 81,195 shares of the company’s stock valued at $3,384,000 after purchasing an additional 14,723 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted 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 valued at $2,051,000 after acquiring an additional 13,115 shares during the period.

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

Shares of LEMB stock opened at $42.26 on Friday. The firm’s 50 day moving average is $42.05 and its 200 day moving average is $41.93. iShares J.P. Morgan EM Local Currency Bond ETF has a 12-month low of $39.82 and a 12-month high of $43.12.

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