VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Unusually-High Trading Volume – Here’s What Happened

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-high trading volume on Monday . Approximately 3,789,953 shares were traded during trading, an increase of 164% from the previous session’s volume of 1,436,607 shares.The stock last traded at $23.18 and had previously closed at $23.52.

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

The stock’s 50-day moving average is $23.81 and its 200 day moving average is $23.91.

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

A number of institutional investors have recently modified their holdings of EMLC. Fidelity D & D Bancorp Inc. lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.1% in the fourth quarter. Fidelity D & D Bancorp Inc. now owns 88,304 shares of the company’s stock valued at $2,041,000 after acquiring an additional 19,914 shares during the period. Captrust Financial Advisors increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,919.0% in the 4th quarter. Captrust Financial Advisors now owns 246,557 shares of the company’s stock valued at $5,698,000 after purchasing an additional 234,345 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 53.4% in the fourth quarter. BNP Paribas Financial Markets now owns 2,555,021 shares of the company’s stock valued at $59,047,000 after purchasing an additional 889,300 shares during the period. Ameriprise Financial Inc. boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 15.4% during the fourth quarter. Ameriprise Financial Inc. now owns 106,532 shares of the company’s stock worth $2,462,000 after buying an additional 14,215 shares in the last quarter. Finally, Betterment LLC grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 1.2% during the fourth quarter. Betterment LLC now owns 39,236 shares of the company’s stock worth $907,000 after buying an additional 473 shares during the period.

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.