iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Reaches New 12-Month High – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $43.12 and last traded at $42.9150, with a volume of 89905 shares trading hands. The stock had previously closed at $42.79.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Up 0.5%

The business has a fifty day moving average price of $42.13 and a 200-day moving average price of $41.61.

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

Several institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC raised its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% during the 4th quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after purchasing an additional 382 shares during the period. Rosenberg Matthew Hamilton grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock valued at $289,000 after acquiring an additional 387 shares in the last quarter. Blue Edge Capital LLC increased its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 2nd quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock valued at $2,986,000 after acquiring an additional 1,730 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the 4th quarter worth $116,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $116,000.

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.