Financial Advocates Investment Management Purchases New Position in Market Vectors Emerging Mkts Local ETF (EMLC)

Financial Advocates Investment Management purchased a new position in shares of Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,555 shares of the company’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Valmark Advisers Inc. lifted its stake in Market Vectors Emerging Mkts Local ETF by 3.8% during the fourth quarter. Valmark Advisers Inc. now owns 5,637,638 shares of the company’s stock worth $107,002,000 after purchasing an additional 205,110 shares during the period. Personal Capital Advisors Corp lifted its stake in Market Vectors Emerging Mkts Local ETF by 10.0% during the fourth quarter. Personal Capital Advisors Corp now owns 4,419,193 shares of the company’s stock worth $83,876,000 after purchasing an additional 401,311 shares during the period. Wells Fargo & Company MN lifted its stake in Market Vectors Emerging Mkts Local ETF by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,433,396 shares of the company’s stock worth $46,187,000 after purchasing an additional 406,225 shares during the period. MD Financial Management Inc. bought a new position in Market Vectors Emerging Mkts Local ETF during the fourth quarter worth about $44,776,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Market Vectors Emerging Mkts Local ETF by 71.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,234,374 shares of the company’s stock worth $23,428,000 after purchasing an additional 515,941 shares during the period.

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Market Vectors Emerging Mkts Local ETF (NYSEARCA EMLC) opened at $19.25 on Tuesday. Market Vectors Emerging Mkts Local ETF has a one year low of $18.34 and a one year high of $19.91.

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Friday, March 2nd were paid a dividend of $0.087 per share. This is a boost from Market Vectors Emerging Mkts Local ETF’s previous monthly dividend of $0.09. The ex-dividend date was Thursday, March 1st. This represents a $1.04 dividend on an annualized basis and a yield of 5.42%.

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Market Vectors Emerging Mkts Local 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.

Want to see what other hedge funds are holding EMLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC).

Institutional Ownership by Quarter for Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC)

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