VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits New 1-Year Low – Here’s What Happened

Posted by Caroline Horne on Dec 19th, 2024

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

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

The company has a 50 day moving average of $23.98 and a 200 day moving average of $24.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the third quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at approximately $310,000. Arkadios Wealth Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at approximately $452,000. Cahill Financial Advisors Inc. raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.9% during the second quarter. Cahill Financial Advisors Inc. now owns 26,960 shares of the company’s stock valued at $641,000 after buying an additional 1,023 shares during the last quarter. Finally, Summit Financial LLC grew its holdings in 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 buying an additional 17,027 shares in the last quarter.

VanEck J.P. Morgan EM Local Currency Bond ETF Company Profile

(Get Free Report)

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.