VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sets New 52-Week High – Still a Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.40 and last traded at $26.3850, with a volume of 147191 shares trading hands. The stock had previously closed at $26.30.

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

The firm has a 50 day simple moving average of $25.79 and a 200 day simple moving average of $25.51.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EMLC. BNP Paribas Financial Markets increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after acquiring an additional 1,247,763 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 19.9% in the 3rd quarter. TIAA Trust National Association now owns 1,041,705 shares of the company’s stock worth $26,574,000 after purchasing an additional 173,043 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 683,788 shares of the company’s stock worth $17,443,000 after purchasing an additional 4,769 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 631,612 shares of the company’s stock valued at $16,106,000 after purchasing an additional 63,292 shares during the last quarter. Finally, Acima Private Wealth LLC raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 8.0% during the 4th quarter. Acima Private Wealth LLC now owns 323,432 shares of the company’s stock valued at $8,351,000 after buying an additional 23,905 shares in the last quarter.

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.