iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Price Down 1.2% – Here’s What Happened

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) shares were down 1.2% on Wednesday . The company traded as low as $36.00 and last traded at $36.01. Approximately 31,448 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 80,226 shares. The stock had previously closed at $36.43.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Up 0.6 %

The firm has a 50 day moving average of $36.77 and a two-hundred day moving average of $36.84.

Institutional Investors Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A hedge fund recently bought a new stake in iShares J.P. Morgan EM Local Currency Bond ETF stock. Harbor Capital Advisors Inc. purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,548 shares of the company’s stock, valued at approximately $98,000.

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.