iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Unusually-High Trading Volume – Still a Buy?

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares saw unusually-strong trading volume on Friday . Approximately 507,915 shares were traded 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 Stock Performance

The firm’s 50-day simple moving average is $41.76 and its 200 day simple moving average is $41.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Oak Family Advisors LLC acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at approximately $997,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,400 shares of the company’s stock worth $2,478,000 after purchasing an additional 3,619 shares during the period. Foster & Motley Inc. lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 47.9% in the 3rd quarter. Foster & Motley Inc. now owns 198,705 shares of the company’s stock worth $8,189,000 after buying an additional 64,329 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter valued at about $2,037,000. Finally, Lam Group Inc. grew its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 19.7% during the 3rd quarter. Lam Group Inc. now owns 101,715 shares of the company’s stock valued at $4,192,000 after buying an additional 16,720 shares during 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.