Ocean Park Asset Management LLC Cuts Position in VanEck Emerging Markets High Yield Bond ETF $HYEM

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

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter valued at $45,000. MRP Capital Investments LLC purchased a new stake in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth $56,000. Farther Finance Advisors LLC raised its position in VanEck Emerging Markets High Yield Bond ETF by 5,039.8% during the third quarter. Farther Finance Advisors LLC now owns 4,266 shares of the company’s stock worth $86,000 after acquiring an additional 4,183 shares during the period. Finally, Advisors Preferred LLC lifted its holdings in VanEck Emerging Markets High Yield Bond ETF by 74.1% during the third quarter. Advisors Preferred LLC now owns 10,703 shares of the company’s stock valued at $214,000 after purchasing an additional 4,554 shares in the last quarter.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

Shares of NYSEARCA HYEM opened at $19.67 on Monday. The company’s 50-day simple moving average is $20.06 and its 200-day simple moving average is $20.00. VanEck Emerging Markets High Yield Bond ETF has a 52-week low of $18.43 and a 52-week high of $20.34.

VanEck Emerging Markets High Yield Bond ETF Cuts Dividend

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

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.