VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC Stock Acquired by Payden & Rygel

Payden & Rygel grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 49.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,316,707 shares of the company’s stock after acquiring an additional 769,249 shares during the period. VanEck J.P. Morgan EM Local Currency Bond ETF accounts for about 4.5% of Payden & Rygel’s portfolio, making the stock its 3rd largest position. Payden & Rygel’s holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $57,524,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Beacon Financial Group grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% during the first quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after purchasing an additional 687 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock valued at $650,000 after purchasing an additional 761 shares during the period. CoreCap Advisors LLC lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in 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 purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter worth approximately $31,000. Finally, Ascentis Independent Advisors bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth approximately $32,000.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.3%

Shares of EMLC opened at $24.57 on Friday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.46 and a 1 year high of $26.63. The company has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $25.53.

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.