VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sets New 1-Year High at $25.83

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) shares hit a new 52-week high during trading on Monday . The company traded as high as $25.83 and last traded at $25.83, with a volume of 552 shares traded. The stock had previously closed at $25.29.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.0 %

The firm’s 50 day moving average price is $24.61 and its 200-day moving average price is $24.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMLC. Morningstar Investment Services LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 53.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,932,382 shares of the company’s stock worth $74,306,000 after acquiring an additional 1,021,357 shares during the period. Manning & Napier Advisors LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter worth approximately $22,600,000. BNP Paribas Financial Markets boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 109.7% in the 1st quarter. BNP Paribas Financial Markets now owns 962,904 shares of the company’s stock worth $23,601,000 after purchasing an additional 503,672 shares during the period. TIAA Trust National Association grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 177.1% during the 1st quarter. TIAA Trust National Association now owns 657,699 shares of the company’s stock valued at $16,120,000 after buying an additional 420,388 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at approximately $452,000.

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.