VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sets New 52-Week Low – Should You Sell?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $24.45 and last traded at $24.4750, with a volume of 623,722 shares. The stock had previously closed at $24.53.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.3%

The stock’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $25.52.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Family CFO Inc bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $1,548,000. Evergreen Private Wealth LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 72,926 shares of the company’s stock valued at $1,811,000 after buying an additional 1,774 shares during the last quarter. Payden & Rygel boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 49.7% during the 3rd quarter. Payden & Rygel now owns 2,316,707 shares of the company’s stock worth $57,524,000 after acquiring an additional 769,249 shares during the period. Root Financial Partners LLC acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at about $59,000. Finally, Pension & Wealth Management Advisors Inc. lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock worth $650,000 after purchasing an additional 761 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.