iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Strong Trading Volume – Here’s Why

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw an uptick in trading volume on Friday . 507,915 shares changed hands during trading, an increase of 246% from the previous session’s volume of 146,712 shares.The stock last traded at $41.6750 and had previously closed at $41.65.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Up 0.0%

The stock’s 50-day moving average is $41.75 and its 200-day moving average is $41.11.

Institutional Trading of iShares J.P. Morgan EM Local Currency Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at approximately $116,000. Rosenberg Matthew Hamilton boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock worth $289,000 after buying an additional 387 shares during the period. Vicus Capital bought a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth approximately $583,000. Oak Family Advisors LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at approximately $997,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at $2,037,000.

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.