VanEck Emerging Markets High Yield Bond ETF $HYEM Shares Sold by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC lowered its stake in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,800 shares of the company’s stock after selling 122,600 shares during the period. Ocean Park Asset Management LLC owned 0.52% of VanEck Emerging Markets High Yield Bond ETF worth $2,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 29.4% during the third quarter. Bank of America Corp DE now owns 1,426,955 shares of the company’s stock valued at $28,610,000 after buying an additional 324,339 shares during the last quarter. Scotia Capital Inc. purchased a new position in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth $985,000. Raymond James Financial Inc. raised its stake in VanEck Emerging Markets High Yield Bond ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 175,603 shares of the company’s stock worth $3,521,000 after acquiring an additional 42,297 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth about $765,000. Finally, Jane Street Group LLC lifted its position in VanEck Emerging Markets High Yield Bond ETF by 23.5% during the 1st quarter. Jane Street Group LLC now owns 167,832 shares of the company’s stock worth $3,298,000 after acquiring an additional 31,899 shares during the period.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

VanEck Emerging Markets High Yield Bond ETF stock opened at $19.67 on Monday. The business’s 50-day simple moving average is $20.06 and its two-hundred day simple moving average is $20.00. VanEck Emerging Markets High Yield Bond ETF has a fifty-two week low of $18.43 and a fifty-two week high of $20.34.

VanEck Emerging Markets High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.0997 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%.

VanEck Emerging Markets High Yield Bond ETF Company Profile

The VanEck Emerging Markets High Yield Bond ETF (HYEM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that measures the performance of sub-investment-grade corporate debt from emerging markets. HYEM was launched on May 9, 2012 and is managed by VanEck.