iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Share Price Break Above 200-Day Moving Average – Here’s Why

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB – Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.27 and traded as high as $42.41. iShares J.P. Morgan EM Local Currency Bond ETF shares last traded at $42.41, with a volume of 78,264 shares traded.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Down 0.3%

The firm has a fifty day moving average price of $42.45 and a 200 day moving average price of $42.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LEMB. Alteri Wealth LLC lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 3.0% in the third quarter. Alteri Wealth LLC now owns 21,723 shares of the company’s stock valued at $918,000 after acquiring an additional 624 shares during the period. Fisher Asset Management LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth $417,000. Lam Group Inc. grew its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.5% during the 3rd quarter. Lam Group Inc. now owns 145,925 shares of the company’s stock worth $6,165,000 after purchasing an additional 3,540 shares during the period. NFSG Corp acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth $49,000. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 11.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 8,208 shares of the company’s stock valued at $347,000 after purchasing an additional 874 shares in the last quarter.

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

(Get Free Report)

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.

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