VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 12-Month High – Here’s What Happened

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.58 and last traded at $26.5750, with a volume of 507525 shares. The stock had previously closed at $26.49.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.1%

The stock’s fifty day simple moving average is $25.99 and its 200-day simple moving average is $25.61.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.1207 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds have recently modified their holdings of EMLC. Migdal Insurance & Financial Holdings Ltd. bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth $41,000. Root Financial Partners LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth $72,000. IFP Advisors Inc increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after purchasing an additional 592 shares during the period. Finally, Patrick Mauro Investment Advisor INC. acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at about $270,000.

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. The Fund invests at least 80% of its total assets in securities that comprise the Index. The Fund may also utilize convertible securities and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index.