SVB Wealth LLC Invests $605,000 in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

SVB Wealth LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,716 shares of the company’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EMLC. SBI Securities Co. Ltd. raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the third 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 last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at approximately $41,000. Fidelity D & D Bancorp Inc. grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock valued at $2,351,000 after acquiring an additional 1,819 shares during the period. Root Financial Partners LLC bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at $72,000. Finally, Ethos Financial Group LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at $427,000.

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

Shares of NYSEARCA EMLC opened at $26.49 on Thursday. The business’s 50 day moving average is $25.99 and its two-hundred day moving average is $25.61. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $23.00 and a 1-year high of $26.58.

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. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1207 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

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.