Payden & Rygel Takes Position in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

Payden & Rygel purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,435,462 shares of the company’s stock, valued at approximately $62,884,000. VanEck J.P. Morgan EM Local Currency Bond ETF accounts for about 4.3% of Payden & Rygel’s holdings, making the stock its 3rd biggest holding. Payden & Rygel owned about 1.34% of VanEck J.P. Morgan EM Local Currency Bond ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at approximately $72,000. IFP Advisors Inc lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock valued at $214,000 after buying an additional 592 shares during the period. Patrick Mauro Investment Advisor INC. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at approximately $270,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% in the 4th quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock valued at $281,000 after buying an additional 10,562 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.2%

Shares of NYSEARCA EMLC opened at $25.26 on Tuesday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $24.45 and a 52 week high of $26.63. The firm has a 50-day moving average price of $25.47 and a 200 day moving average price of $25.76.

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.