VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 52-Week High – What’s Next?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.60 and last traded at $26.6050, with a volume of 418471 shares trading hands. The stock had previously closed at $26.49.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $26.19 and a 200-day simple moving average of $25.73.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1207 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, February 2nd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $41,000. TIAA Trust National Association grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 171.9% during the 2nd quarter. TIAA Trust National Association now owns 868,662 shares of the company’s stock worth $22,021,000 after buying an additional 549,202 shares during the last quarter. JPMorgan Chase & Co. grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock worth $17,213,000 after buying an additional 677,201 shares during the last quarter. Betterment LLC increased its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 54.5% during the second quarter. Betterment LLC now owns 58,285 shares of the company’s stock worth $1,478,000 after buying an additional 20,558 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% in the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock valued at $14,407,000 after buying an additional 480,285 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. 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.