Sound Income Strategies LLC Purchases New Holdings in VanEck Emerging Markets High Yield Bond ETF $HYEM

Sound Income Strategies LLC purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,534,436 shares of the company’s stock, valued at approximately $29,737,000. VanEck Emerging Markets High Yield Bond ETF comprises about 0.7% of Sound Income Strategies LLC’s investment portfolio, making the stock its 13th biggest position. Sound Income Strategies LLC owned about 5.83% of VanEck Emerging Markets High Yield Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 167.4% in the 1st quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock valued at $87,428,000 after buying an additional 2,774,036 shares during the last quarter. Assetmark Inc. raised its position in VanEck Emerging Markets High Yield Bond ETF by 13.2% during the first quarter. Assetmark Inc. now owns 729,335 shares of the company’s stock worth $14,390,000 after acquiring an additional 84,849 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in VanEck Emerging Markets High Yield Bond ETF by 7.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 279,294 shares of the company’s stock worth $5,617,000 after acquiring an additional 19,892 shares in the last quarter. Royal Bank of Canada lifted its stake in VanEck Emerging Markets High Yield Bond ETF by 15.2% in the first quarter. Royal Bank of Canada now owns 166,713 shares of the company’s stock valued at $3,289,000 after acquiring an additional 21,980 shares during the last quarter. Finally, Sonoma Allocations LLC lifted its stake in VanEck Emerging Markets High Yield Bond ETF by 124.6% in the second quarter. Sonoma Allocations LLC now owns 124,658 shares of the company’s stock valued at $2,492,000 after acquiring an additional 69,162 shares during the last quarter.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

Shares of HYEM traded up $0.02 during midday trading on Friday, reaching $19.40. The stock had a trading volume of 72,879 shares, compared to its average volume of 198,100. The firm has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $19.96. VanEck Emerging Markets High Yield Bond ETF has a one year low of $19.20 and a one year high of $20.36.

VanEck Emerging Markets High Yield Bond ETF 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.