Payden & Rygel Acquires New Position in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

Payden & Rygel acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,435,462 shares of the company’s stock, valued at approximately $62,884,000. VanEck J.P. Morgan EM Local Currency Bond ETF accounts for about 4.3% of Payden & Rygel’s portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMLC. Root Financial Partners LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $72,000. IFP Advisors Inc raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% during 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. Patrick Mauro Investment Advisor INC. acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $270,000. Finally, Farther Finance Advisors LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after purchasing an additional 10,562 shares during the last quarter.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.2%

Shares of EMLC stock opened at $25.26 on Tuesday. The stock has a fifty day moving average price of $25.47 and a 200 day moving average price of $25.76. 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 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.