VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits New 52-Week Low – Here’s What Happened

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as $24.77 and last traded at $24.7750, with a volume of 726336 shares traded. The stock had previously closed at $24.96.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.7%

The stock has a 50 day moving average price of $25.48 and a two-hundred day moving average price of $25.46.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TIAA Trust National Association grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock valued at $50,433,000 after purchasing an additional 911,546 shares in the last quarter. Shah Wealth Advisors LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth approximately $16,633,000. Waterloo Capital L.P. boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 101.4% in the 4th quarter. Waterloo Capital L.P. now owns 218,905 shares of the company’s stock valued at $5,652,000 after buying an additional 110,237 shares during the period. Ethos Financial Group LLC boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% in the 1st quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock valued at $8,167,000 after buying an additional 28,844 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter worth $1,319,000.

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.