iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sets New 1-Year High – Should You Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB)’s share price reached a new 52-week high on Monday . The stock traded as high as $42.79 and last traded at $42.7750, with a volume of 91669 shares traded. The stock had previously closed at $42.53.

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

The firm’s 50-day simple moving average is $41.96 and its 200-day simple moving average is $41.40.

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

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at approximately $116,000. EverSource Wealth Advisors LLC purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at $116,000. Rosenberg Matthew Hamilton boosted 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 worth $289,000 after acquiring an additional 387 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of 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 worth $426,000 after acquiring an additional 382 shares during the last quarter. Finally, Oak Family Advisors LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at $997,000.

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