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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) shares reached a new 52-week low on Friday . The company traded as low as $23.05 and last traded at $23.11, with a volume of 87325 shares traded. The stock had previously closed at $23.21.

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

The business’s 50 day moving average is $23.62 and its two-hundred day moving average is $24.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC grew its position in 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 valued at $163,000 after acquiring an additional 717 shares during the last quarter. Captrust Financial Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $310,000. Fidelity D & D Bancorp Inc. lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock valued at $1,737,000 after buying an additional 9,631 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock valued at $3,265,000 after buying an additional 29,254 shares during the period. Finally, ALM First Financial Advisors LLC grew its stake 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 acquiring an additional 25,794 shares in the last quarter.

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

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.