VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits 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 Tuesday. The stock traded as low as $24.45 and last traded at $24.4750, with a volume of 623,722 shares trading hands. The stock had previously closed at $24.53.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.1%

The stock has a 50 day moving average price of $25.01 and a 200-day moving average price of $25.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Family CFO Inc purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $1,548,000. Evergreen Private Wealth LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 72,926 shares of the company’s stock worth $1,811,000 after purchasing an additional 1,774 shares during the period. Payden & Rygel lifted its stake 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 purchasing an additional 769,249 shares during the period. Root Financial Partners LLC purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter worth approximately $59,000. Finally, Pension & Wealth Management Advisors Inc. boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock worth $650,000 after buying an additional 761 shares during 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. 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.