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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) shares reached a new 52-week low during trading on Friday . The company traded as low as $23.05 and last traded at $23.11, with a volume of 87325 shares traded. The stock had previously closed at $23.21.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.8 %

The firm’s 50-day simple moving average is $23.60 and its 200 day simple moving average is $24.21.

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

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at $310,000. Janney Montgomery Scott LLC increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the third quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock worth $3,265,000 after acquiring an additional 29,254 shares in the last quarter. ALM First Financial Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% during the third quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock worth $10,434,000 after purchasing an additional 25,794 shares during the period. Continuum Advisory LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the third quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after purchasing an additional 717 shares during the period. Finally, Fidelity D & D Bancorp Inc. lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock valued at $1,737,000 after purchasing an additional 9,631 shares in the last quarter.

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