iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Large Volume Increase – Should You Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw strong trading volume on Tuesday . 439,696 shares traded hands during trading, an increase of 65% from the previous session’s volume of 266,446 shares.The stock last traded at $42.7650 and had previously closed at $42.78.

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

The business has a 50 day simple moving average of $42.15 and a two-hundred day simple moving average of $41.62.

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

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

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.