Collaborative Fund Advisors LLC lessened its stake in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Free Report) by 28.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 97,072 shares of the company’s stock after selling 38,664 shares during the quarter. VanEck J.P. Morgan EM Local Currency Bond ETF comprises 1.3% of Collaborative Fund Advisors LLC’s holdings, making the stock its 14th biggest position. Collaborative Fund Advisors LLC’s holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in EMLC. Continuum Advisory LLC bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter worth approximately $31,000. Ascentis Independent Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter worth $32,000. Root Financial Partners LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $59,000. CoreCap Advisors LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% during the third quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock valued at $149,000 after purchasing an additional 2,225 shares during the last quarter.
VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.9%
NYSEARCA:EMLC opened at $24.68 on Thursday. The stock has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $25.51. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $24.45 and a 1-year high of $26.63.
VanEck J.P. Morgan EM Local Currency Bond ETF 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. 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.
Recommended Stories
- Five stocks we like better than VanEck J.P. Morgan EM Local Currency Bond ETF
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Want to see what other hedge funds are holding EMLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Free Report).
Receive News & Ratings for VanEck J.P. Morgan EM Local Currency Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck J.P. Morgan EM Local Currency Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
