BNP Paribas Financial Markets Decreases Holdings in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

BNP Paribas Financial Markets trimmed its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 656,874 shares of the company’s stock after selling 814,787 shares during the quarter. BNP Paribas Financial Markets’ holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $16,960,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. SBI Securities Co. Ltd. raised its position in 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 purchasing an additional 592 shares during the period. Patrick Mauro Investment Advisor INC. purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth about $270,000. Farther Finance Advisors LLC raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% in the 4th quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after purchasing an additional 10,562 shares during the period. Finally, SVB Wealth LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth about $605,000.

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

VanEck J.P. Morgan EM Local Currency Bond ETF stock opened at $25.15 on Friday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $24.69 and a 1-year high of $26.63. The company’s 50-day moving average is $25.49 and its 200 day moving average is $25.75.

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.