VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 52-Week Low – Here’s Why

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) reached a new 52-week low on Thursday. The company traded as low as $24.45 and last traded at $24.4250, with a volume of 92,293 shares. The stock had previously closed at $24.53.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.5%

The business has a 50-day moving average of $24.93 and a 200-day moving average of $25.47.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Shah Wealth Advisors LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at about $16,633,000. CoreCap Advisors LLC raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 865.9% in the 3rd quarter. CoreCap Advisors LLC now owns 39,361 shares of the company’s stock valued at $977,000 after acquiring an additional 35,286 shares during the period. Ethos Financial Group LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% in the 1st quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock worth $8,167,000 after acquiring an additional 28,844 shares during the last quarter. Payden & Rygel lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 49.7% in the 3rd quarter. Payden & Rygel now owns 2,316,707 shares of the company’s stock worth $57,524,000 after acquiring an additional 769,249 shares during the last quarter. Finally, Family CFO Inc acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth approximately $1,548,000.

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.