iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Price Up 0.3% – Time to Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) traded up 0.3% during trading on Monday . The company traded as high as $42.88 and last traded at $42.85. 42,307 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 220,492 shares. The stock had previously closed at $42.73.

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

The stock’s 50-day moving average price is $42.85 and its 200-day moving average price is $42.20.

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

A number of hedge funds have recently made changes to their positions in LEMB. Arkadios Wealth Advisors acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at about $270,000. EverSource Wealth Advisors LLC increased its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $317,000 after buying an additional 4,825 shares during the period. Fisher Asset Management LLC raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% in the 4th quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after buying an additional 382 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $957,000. Finally, Vicus Capital boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 26.5% during the 1st quarter. Vicus Capital now owns 33,324 shares of the company’s stock worth $1,360,000 after buying an additional 6,980 shares during the period.

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.