VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 1-Year Low – Should You Sell?

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

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

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

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. TIAA CREF Individual & Institutional Services LLC raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 0.8% in the 3rd quarter. TIAA CREF Individual & Institutional Services LLC now owns 2,080,541 shares of the company’s stock valued at $51,660,000 after buying an additional 17,384 shares during the period. TIAA Trust National Association lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 10.8% during the 3rd quarter. TIAA Trust National Association now owns 183,859 shares of the company’s stock worth $4,565,000 after acquiring an additional 17,989 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 17.9% during the 3rd quarter. SBI Okasan Asset Management Co.Ltd. now owns 185,378 shares of the company’s stock worth $4,590,000 after acquiring an additional 28,113 shares in the last quarter. Shah Wealth Advisors LLC grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 6.1% in the 3rd quarter. Shah Wealth Advisors LLC now owns 690,633 shares of the company’s stock valued at $17,148,000 after acquiring an additional 39,881 shares in the last quarter. Finally, Family CFO Inc acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $1,548,000.

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.