Collaborative Fund Advisors LLC Takes $3.58 Million Position in VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

Collaborative Fund Advisors LLC bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 142,518 shares of the company’s stock, valued at approximately $3,579,000. VanEck J.P. Morgan EM Local Currency Bond ETF accounts for approximately 2.2% of Collaborative Fund Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at $32,000. Silver Grove Financial Group Inc. bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth $52,000. Icon Wealth Advisors LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth $339,000. Janney Montgomery Scott LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 12.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 159,395 shares of the company’s stock worth $4,116,000 after buying an additional 17,872 shares in the last quarter. Finally, TIAA Trust National Association lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% during the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after buying an additional 911,546 shares in the last quarter.

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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock opened at $25.46 on Monday. The firm has a 50-day moving average of $25.47 and a 200-day moving average of $25.74. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52-week low of $24.80 and a 52-week high of $26.63.

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.