Shah Wealth Advisors LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 650,752 shares of the company’s stock, valued at approximately $16,633,000. VanEck J.P. Morgan EM Local Currency Bond ETF accounts for approximately 3.8% of Shah Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. Shah Wealth Advisors LLC owned about 0.35% of VanEck J.P. Morgan EM Local Currency Bond ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in EMLC. Continuum Advisory LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter worth $31,000. Ascentis Independent Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at about $32,000. Silver Grove Financial Group Inc. purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at about $52,000. CoreCap Advisors LLC lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after acquiring an additional 1,013 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 32.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 11,122 shares of the company’s stock valued at $287,000 after acquiring an additional 2,717 shares in the last quarter.
VanEck J.P. Morgan EM Local Currency Bond ETF Price Performance
NYSEARCA EMLC opened at $25.63 on Friday. VanEck J.P. Morgan EM Local Currency Bond ETF has a twelve month low of $24.80 and a twelve month high of $26.63. The business has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.57.
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.
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