VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sets New 1-Year Low – Should You Sell?

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) hit a new 52-week low during trading on Tuesday . The company traded as low as $23.56 and last traded at $23.57, with a volume of 40228 shares trading hands. The stock had previously closed at $23.65.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.2 %

The company’s fifty day moving average is $24.03 and its 200 day moving average is $24.30.

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

A number of large investors have recently modified their holdings of EMLC. Arkadios Wealth Advisors purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at about $452,000. Acima Private Wealth LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.8% in the second quarter. Acima Private Wealth LLC now owns 247,803 shares of the company’s stock valued at $5,893,000 after purchasing an additional 6,766 shares during the last quarter. Summit Financial LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 47.9% during the second quarter. Summit Financial LLC now owns 52,579 shares of the company’s stock valued at $1,250,000 after purchasing an additional 17,027 shares during the period. TIAA Trust National Association grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.6% in the second quarter. TIAA Trust National Association now owns 681,417 shares of the company’s stock worth $16,204,000 after purchasing an additional 23,718 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. increased its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 8.6% in the second quarter. Fidelity D & D Bancorp Inc. now owns 58,759 shares of the company’s stock worth $1,397,000 after buying an additional 4,654 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.