VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Reaches New 1-Year High – What’s Next?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.58 and last traded at $26.5750, with a volume of 507525 shares trading hands. The stock had previously closed at $26.49.

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

The company’s fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $25.63.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth $41,000. Root Financial Partners LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at $72,000. IFP Advisors Inc boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after acquiring an additional 592 shares in the last quarter. Finally, Patrick Mauro Investment Advisor INC. bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth $270,000.

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.