VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits New 1-Year High – Here’s What Happened

by · The Cerbat Gem

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $25.80 and last traded at $25.7450, with a volume of 1159 shares changing hands. The stock had previously closed at $25.68.

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

The business has a 50-day moving average of $25.52 and a 200 day moving average of $25.31.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of EMLC. ORG Partners LLC grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 301.0% during the second quarter. ORG Partners LLC now owns 1,259 shares of the company’s stock valued at $32,000 after acquiring an additional 945 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter valued at about $41,000. Root Financial Partners LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth about $72,000. IFP Advisors Inc increased its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the third 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.

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

(Get Free Report)

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.

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