iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Unusually-High Trading Volume – What’s Next?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw an uptick in trading volume on Tuesday . 226,567 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 283,823 shares.The stock last traded at $41.35 and had previously closed at $41.58.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Up 0.7%

The company has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $41.86.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Arkadios Wealth Advisors purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $270,000. EverSource Wealth Advisors LLC increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the first quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock valued at $435,000 after acquiring an additional 3,024 shares during the last quarter. Bank of New York Mellon Corp increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock valued at $32,181,000 after acquiring an additional 133,403 shares during the last quarter. Keystone Global Partners LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $957,000. Finally, Vicus Capital increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 26.5% during the first quarter. Vicus Capital now owns 33,324 shares of the company’s stock valued at $1,360,000 after acquiring an additional 6,980 shares during the last quarter.

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.