BNP Paribas Financial Markets Buys 487,499 Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC)

BNP Paribas Financial Markets boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 41.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665,721 shares of the company’s stock after buying an additional 487,499 shares during the period. BNP Paribas Financial Markets’ holdings in VanEck J.P. Morgan EM Local Currency Bond ETF were worth $42,309,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at $22,600,000. Janney Montgomery Scott LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock valued at $3,265,000 after acquiring an additional 29,254 shares in the last quarter. ALM First Financial Advisors LLC boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% during the 3rd quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock valued at $10,434,000 after purchasing an additional 25,794 shares during the last quarter. TIAA Trust National Association increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 3.6% during the 2nd quarter. TIAA Trust National Association now owns 681,417 shares of the company’s stock worth $16,204,000 after purchasing an additional 23,718 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter worth approximately $452,000.

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

EMLC stock opened at $23.84 on Friday. The stock’s 50 day moving average is $24.37 and its 200-day moving average is $24.36. VanEck J.P. Morgan EM Local Currency Bond ETF has a twelve month low of $23.58 and a twelve 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.