VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Large Volume Increase – Time to Buy?

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-strong trading volume on Tuesday . Approximately 870,253 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 1,237,696 shares.The stock last traded at $23.76 and had previously closed at $23.85.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.4 %

The stock’s 50 day moving average price is $24.40 and its 200-day moving average price is $24.36.

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

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 5.3% in the first quarter. Comerica Bank now owns 73,498 shares of the company’s stock worth $1,801,000 after purchasing an additional 3,679 shares during the last quarter. Fidelity D & D Bancorp Inc. grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 8.6% in the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 58,759 shares of the company’s stock worth $1,397,000 after acquiring an additional 4,654 shares during the last quarter. Cahill Financial Advisors Inc. increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.9% in the second quarter. Cahill Financial Advisors Inc. now owns 26,960 shares of the company’s stock valued at $641,000 after acquiring an additional 1,023 shares during the period. Acima Private Wealth LLC raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.8% during the second quarter. Acima Private Wealth LLC now owns 247,803 shares of the company’s stock valued at $5,893,000 after acquiring an additional 6,766 shares during the last quarter. Finally, Lynx Investment Advisory bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at about $128,000.

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.