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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)’s stock price 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 trading hands. The stock had previously closed at $23.21.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.6 %

The company’s fifty day simple moving average is $23.62 and its 200-day simple moving average is $24.21.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fidelity D & D Bancorp Inc. increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% in the third quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock valued at $1,737,000 after buying an additional 9,631 shares in the last quarter. Continuum Advisory LLC grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% in the 3rd quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock valued at $163,000 after acquiring an additional 717 shares during the period. Captrust Financial Advisors acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at $310,000. BNP Paribas Financial Markets increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 41.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,665,721 shares of the company’s stock worth $42,309,000 after acquiring an additional 487,499 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% during 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 during the period.

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.