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

Shares of iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) were down 1.2% on Wednesday . The stock 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 Down 1.2 %

The firm’s 50 day moving average is $36.83 and its two-hundred day moving average is $36.85.

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

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

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.