Merit Financial Group LLC Lowers Stock Holdings in VanEck International High Yield Bond ETF (NYSEARCA:IHY)

Merit Financial Group LLC reduced its position in VanEck International High Yield Bond ETF (NYSEARCA:IHY) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,389 shares of the company’s stock after selling 32,266 shares during the quarter. Merit Financial Group LLC owned approximately 1.21% of VanEck International High Yield Bond ETF worth $656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IHY. PAX Financial Group LLC acquired a new stake in VanEck International High Yield Bond ETF in the 3rd quarter valued at about $627,000. NewSquare Capital LLC grew its holdings in VanEck International High Yield Bond ETF by 6.2% during the 3rd quarter. NewSquare Capital LLC now owns 39,935 shares of the company’s stock worth $782,000 after acquiring an additional 2,315 shares in the last quarter. Cambria Investment Management L.P. grew its holdings in VanEck International High Yield Bond ETF by 2.8% during the 3rd quarter. Cambria Investment Management L.P. now owns 50,986 shares of the company’s stock worth $993,000 after acquiring an additional 1,378 shares in the last quarter. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of VanEck International High Yield Bond ETF in the 4th quarter valued at approximately $27,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of VanEck International High Yield Bond ETF by 5.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,382 shares of the company’s stock valued at $458,000 after purchasing an additional 1,185 shares in the last quarter.

VanEck International High Yield Bond ETF Trading Up 0.1 %

Shares of IHY stock opened at $20.50 on Tuesday. VanEck International High Yield Bond ETF has a 12 month low of $19.15 and a 12 month high of $20.95. The company has a market cap of $30.76 million, a P/E ratio of 0.34 and a beta of 0.35. The firm has a fifty day moving average price of $20.57 and a 200 day moving average price of $20.43.

About VanEck International High Yield Bond ETF

The VanEck International High Yield Bond ETF (IHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of international corporate bonds rated below investment grade and denominated in developed-market currencies. IHY was launched on Apr 2, 2012 and is managed by VanEck.