SVB Wealth LLC Makes New Investment in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

SVB Wealth LLC acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,716 shares of the company’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after buying an additional 592 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at about $41,000. Fidelity D & D Bancorp Inc. lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% in the second quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock worth $2,351,000 after acquiring an additional 1,819 shares during the period. Root Financial Partners LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $72,000. Finally, Ethos Financial Group LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $427,000.

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

NYSEARCA:EMLC opened at $26.49 on Thursday. The firm has a 50-day simple moving average of $25.99 and a 200-day simple moving average of $25.61. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $23.00 and a one year high of $26.58.

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 paid a dividend of $0.1207 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, February 2nd.

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.