iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Price Down 0.1% – Here’s Why

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) fell 0.1% during trading on Monday. The company traded as low as $42.39 and last traded at $42.40. Approximately 165,797 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 215,821 shares. The stock had previously closed at $42.43.

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

The firm has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $42.37.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. NFSG Corp purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $49,000. Arkadios Wealth Advisors bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $270,000. Rosenberg Matthew Hamilton lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 11.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 8,208 shares of the company’s stock worth $347,000 after buying an additional 874 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock worth $435,000 after buying an additional 3,024 shares during the last quarter. Finally, Keystone Global Partners LLC purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth approximately $957,000.

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.