TIAA Trust National Association Buys 911,546 Shares of VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

TIAA Trust National Association increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 87.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,953,251 shares of the company’s stock after acquiring an additional 911,546 shares during the period. TIAA Trust National Association’s holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $50,433,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Acima Private Wealth LLC raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 8.0% in the fourth quarter. Acima Private Wealth LLC now owns 323,432 shares of the company’s stock worth $8,351,000 after buying an additional 23,905 shares in the last quarter. FSA Advisors Inc. bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth about $3,293,000. Ethos Financial Group LLC raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 1,672.0% in the fourth quarter. Ethos Financial Group LLC now owns 296,407 shares of the company’s stock worth $7,653,000 after buying an additional 279,680 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth about $2,804,000. Finally, Payden & Rygel bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth about $62,884,000.

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

EMLC stock opened at $25.11 on Tuesday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.72 and a 1 year high of $26.63. The firm has a 50-day moving average of $25.49 and a 200 day moving average of $25.75.

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