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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $23.56 and last traded at $23.56, with a volume of 405 shares changing hands. The stock had previously closed at $24.04.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.8 %

The company has a 50 day moving average of $24.67 and a 200 day moving average of $24.39.

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

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the third quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock worth $3,265,000 after buying an additional 29,254 shares during the last quarter. ALM First Financial Advisors LLC lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% in the 3rd quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock worth $10,434,000 after purchasing an additional 25,794 shares during the last quarter. Cahill Financial Advisors Inc. boosted its position in 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 worth $641,000 after purchasing an additional 1,023 shares during the period. Fidelity D & D Bancorp Inc. grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 8.6% during the second quarter. Fidelity D & D Bancorp Inc. now owns 58,759 shares of the company’s stock valued at $1,397,000 after purchasing an additional 4,654 shares during the last quarter. Finally, TIAA Trust National Association raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.6% in the second quarter. TIAA Trust National Association now owns 681,417 shares of the company’s stock valued at $16,204,000 after purchasing an additional 23,718 shares during the period.

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.