VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits New 1-Year High – Should You Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.01 and last traded at $25.9950, with a volume of 1249178 shares. The stock had previously closed at $25.93.

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

The stock has a fifty day simple moving average of $25.74 and a 200-day simple moving average of $25.48.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in EMLC. BNP Paribas Financial Markets lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after buying an additional 1,247,763 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 677,201 shares during the period. TIAA Trust National Association raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 171.9% in the 2nd quarter. TIAA Trust National Association now owns 868,662 shares of the company’s stock valued at $22,021,000 after acquiring an additional 549,202 shares during the period. Ameriprise Financial Inc. lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock valued at $14,407,000 after purchasing an additional 480,285 shares during the last quarter. Finally, Ethos Financial Group LLC boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 1,672.0% during the fourth quarter. Ethos Financial Group LLC now owns 296,407 shares of the company’s stock worth $7,653,000 after purchasing an additional 279,680 shares during the period.

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. 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.