VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 12-Month Low – Here’s Why

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.56 and last traded at $23.57, with a volume of 40228 shares. The stock had previously closed at $23.65.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.2 %

The business has a fifty day moving average of $24.03 and a 200-day moving average of $24.30.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% in the 3rd quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at $310,000. Arkadios Wealth Advisors purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter worth about $452,000. Cahill Financial Advisors Inc. increased its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.9% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 26,960 shares of the company’s stock worth $641,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Summit Financial LLC increased its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 47.9% in the 2nd quarter. Summit Financial LLC now owns 52,579 shares of the company’s stock worth $1,250,000 after acquiring an additional 17,027 shares in the last quarter.

About VanEck J.P. Morgan EM Local Currency Bond ETF

Market Vectors Emerging Markets Local Currency Bond ETF (the Fund) seeks to replicate as closely as possible, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (the Index). The Index provides direct exposure to local currency bonds issued by emerging market governments. The Index tracks regularly traded, liquid, fixed-rate, domestic currency debt issues by emerging market governments.