VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,218,191 shares of the company’s stock after selling 271,976 shares during the period. Bank of New York Mellon Corp’s holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $28,969,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lynx Investment Advisory purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth approximately $128,000. Nixon Peabody Trust Co. purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth $234,000. Waterloo Capital L.P. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at $303,000. Vantage Financial Partners LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at $306,000. Finally, Summit Financial LLC raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 12.0% in the 1st quarter. Summit Financial LLC now owns 35,552 shares of the company’s stock valued at $871,000 after buying an additional 3,795 shares during the period.

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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock opened at $24.55 on Wednesday. The business has a 50-day moving average of $24.33 and a 200 day moving average of $24.33. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $23.11 and a 12 month high of $25.58.

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.