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 Friday . The company traded as low as $23.05 and last traded at $23.11, with a volume of 87325 shares trading hands. The stock had previously closed at $23.21.

VanEck J.P. Morgan EM Local Currency Bond ETF Price Performance

The business’s 50-day moving average price is $23.60 and its 200 day moving average price is $24.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at $310,000. Janney Montgomery Scott LLC increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the third quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock valued at $3,265,000 after purchasing an additional 29,254 shares during the last quarter. ALM First Financial Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% in the third quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock valued at $10,434,000 after purchasing an additional 25,794 shares during the period. Continuum Advisory LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the 3rd quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after buying an additional 717 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock worth $1,737,000 after buying an additional 9,631 shares during the last quarter.

VanEck J.P. Morgan EM Local Currency Bond 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.