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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares saw unusually-high trading volume on Thursday . Approximately 595,630 shares traded hands during trading, an increase of 143% from the previous session’s volume of 244,642 shares.The stock last traded at $41.8050 and had previously closed at $41.76.

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

The stock has a 50-day simple moving average of $41.79 and a 200-day simple moving average of $41.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton raised its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock valued at $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% in the second quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock valued at $2,986,000 after buying an additional 1,730 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at approximately $116,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,400 shares of the company’s stock worth $2,478,000 after buying an additional 3,619 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 16.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 58,956 shares of the company’s stock worth $2,430,000 after acquiring an additional 8,534 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.