TIAA Trust National Association Buys 173,043 Shares of VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

TIAA Trust National Association lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 19.9% in the 3rd quarter, Holdings Channel reports. The fund owned 1,041,705 shares of the company’s stock after acquiring an additional 173,043 shares during the quarter. TIAA Trust National Association’s holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $26,574,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EMLC. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at $41,000. Root Financial Partners LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $72,000. SBI Securities Co. Ltd. boosted its stake 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 acquiring an additional 592 shares in the last quarter. Ethos Financial Group LLC bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $427,000. Finally, SVB Wealth LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $605,000.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.0%

Shares of NYSEARCA EMLC opened at $26.59 on Friday. The company has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $25.73. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $23.00 and a fifty-two week high of $26.63.

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. Investors of record on Monday, February 2nd were given a dividend of $0.1207 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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