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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares saw strong trading volume on Wednesday . 362,475 shares were traded during trading, an increase of 49% from the previous session’s volume of 243,105 shares.The stock last traded at $42.46 and had previously closed at $42.53.

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

The company’s 50 day simple moving average is $42.15 and its two-hundred day simple moving average is $41.98.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock worth $32,181,000 after purchasing an additional 133,403 shares during the last quarter. Foster & Motley Inc. lifted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% during the first quarter. Foster & Motley Inc. now owns 255,579 shares of the company’s stock valued at $10,428,000 after acquiring an additional 33,111 shares during the period. Keystone Global Partners LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the 1st quarter valued at about $957,000. Lam Group Inc. grew its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% during the 4th quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after buying an additional 20,455 shares during the period. Finally, Vicus Capital lifted its holdings in 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 valued at $1,095,000 after buying an additional 15,901 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.