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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $24.77 and last traded at $24.7750, with a volume of 726336 shares traded. The stock had previously closed at $24.96.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.7%

The company has a 50 day moving average price of $25.48 and a 200 day moving average price of $25.46.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EMLC. Continuum Advisory LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at about $31,000. Ascentis Independent Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth approximately $32,000. Silver Grove Financial Group Inc. purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth approximately $52,000. CoreCap Advisors LLC boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the 2nd quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after purchasing an additional 1,013 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at approximately $339,000.

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.