First Allied Advisory Services Inc. Raises Position in Market Vectors Emerging Mkts Local ETF (EMLC)

First Allied Advisory Services Inc. increased its position in Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC) by 585.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,160 shares of the company’s stock after purchasing an additional 10,385 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Market Vectors Emerging Mkts Local ETF were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EMLC. Catalyst Capital Advisors LLC bought a new position in shares of Market Vectors Emerging Mkts Local ETF during the fourth quarter valued at $114,000. Centaurus Financial Inc. bought a new position in shares of Market Vectors Emerging Mkts Local ETF during the first quarter valued at $119,000. Advisor Group Inc. lifted its holdings in shares of Market Vectors Emerging Mkts Local ETF by 223.1% during the fourth quarter. Advisor Group Inc. now owns 11,050 shares of the company’s stock valued at $209,000 after acquiring an additional 7,630 shares during the period. Virtu Financial LLC bought a new position in shares of Market Vectors Emerging Mkts Local ETF during the fourth quarter valued at $260,000. Finally, Banco de Sabadell S.A bought a new position in shares of Market Vectors Emerging Mkts Local ETF during the fourth quarter valued at $266,000.

Shares of NYSEARCA EMLC opened at $17.53 on Friday. Market Vectors Emerging Mkts Local ETF has a 52-week low of $17.40 and a 52-week high of $19.91.

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 7th. Shareholders of record on Monday, June 4th were issued a dividend of $0.0961 per share. The ex-dividend date of this dividend was Friday, June 1st. This is a boost from Market Vectors Emerging Mkts Local ETF’s previous monthly dividend of $0.09. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.58%.

Market Vectors Emerging Mkts Local 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.

Want to see what other hedge funds are holding EMLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC).

Institutional Ownership by Quarter for Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC)

Receive News & Ratings for Market Vectors Emerging Mkts Local ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Market Vectors Emerging Mkts Local ETF and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply