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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.60 and last traded at $26.6050, with a volume of 418471 shares. The stock had previously closed at $26.49.

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

The firm’s 50 day moving average is $26.14 and its two-hundred day moving average is $25.71.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1207 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.4%.

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

Several institutional investors have recently modified their holdings of EMLC. Payden & Rygel acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter valued at $62,884,000. BNP Paribas Financial Markets raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% during the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after purchasing an additional 1,247,763 shares during the period. TIAA Trust National Association lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% during the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock valued at $50,433,000 after purchasing an additional 911,546 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock valued at $17,213,000 after purchasing an additional 677,201 shares during the period. Finally, Madison Asset Management LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter worth about $13,219,000.

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. The Fund invests at least 80% of its total assets in securities that comprise the Index. The Fund may also utilize convertible securities and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index.