VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Hits New 12-Month Low – Should You Sell?

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

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

The company’s 50 day moving average is $25.08 and its 200-day moving average is $25.52.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beacon Financial Group increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% in the 1st quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock valued at $420,000 after purchasing an additional 687 shares in the last quarter. 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 valued at $650,000 after buying an additional 761 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the 2nd quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after purchasing an additional 1,013 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at approximately $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth about $32,000.

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. 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.