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

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw strong trading volume on Wednesday . 362,475 shares changed hands 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 Price Performance

The company has a 50-day moving average of $42.15 and a 200-day moving average of $41.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock worth $32,181,000 after acquiring an additional 133,403 shares in the last quarter. Foster & Motley Inc. lifted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% in the 1st 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 in the last quarter. Lam Group Inc. boosted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% in the 2nd quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock worth $6,041,000 after purchasing an additional 9,105 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 22.1% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 81,195 shares of the company’s stock worth $3,384,000 after purchasing an additional 14,723 shares in the last quarter. Finally, 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 in the last quarter.

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.