SBI Okasan Asset Management Co.Ltd. Purchases New Position in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

SBI Okasan Asset Management Co.Ltd. purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 108,931 shares of the company’s stock, valued at approximately $2,804,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMLC. IFP Advisors Inc lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the third quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock valued at $214,000 after purchasing an additional 592 shares during the period. Patrick Mauro Investment Advisor INC. acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at $270,000. Farther Finance Advisors LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock valued at $281,000 after purchasing an additional 10,562 shares during the period. Finally, SVB Wealth LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at $605,000.

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

NYSEARCA EMLC opened at $25.56 on Friday. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $24.61 and a one year high of $26.63. The firm’s fifty day moving average is $25.45 and its two-hundred day moving average is $25.76.

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.