VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Strong Trading Volume

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-high trading volume on Wednesday . Approximately 1,641,757 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 1,412,668 shares.The stock last traded at $23.76 and had previously closed at $23.66.

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

The company has a 50-day simple moving average of $24.57 and a two-hundred day simple moving average of $24.60.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EMLC. Morningstar Investment Services LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 53.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,932,382 shares of the company’s stock valued at $74,306,000 after purchasing an additional 1,021,357 shares during the last quarter. Manning & Napier Group LLC bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at approximately $24,092,000. Bank of New York Mellon Corp lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 166.4% in the third quarter. Bank of New York Mellon Corp now owns 1,058,697 shares of the company’s stock valued at $25,271,000 after purchasing an additional 661,288 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 883,038.5% during the fourth quarter. BNP Paribas Financial Markets now owns 459,232 shares of the company’s stock valued at $11,642,000 after acquiring an additional 459,180 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at approximately $7,515,000.

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.