Envestnet Asset Management Inc. Sells 27,364 Shares of VanEck Emerging Markets High Yield Bond ETF $HYEM

Envestnet Asset Management Inc. cut its holdings in shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,269 shares of the company’s stock after selling 27,364 shares during the period. Envestnet Asset Management Inc.’s holdings in VanEck Emerging Markets High Yield Bond ETF were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the first quarter worth about $25,000. Farther Finance Advisors LLC grew its position in shares of VanEck Emerging Markets High Yield Bond ETF by 5,039.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,266 shares of the company’s stock valued at $86,000 after purchasing an additional 4,183 shares during the period. Foundations Investment Advisors LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth approximately $223,000. Coastal Bridge Advisors LLC raised its holdings in VanEck Emerging Markets High Yield Bond ETF by 19.1% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 13,654 shares of the company’s stock worth $274,000 after buying an additional 2,191 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in VanEck Emerging Markets High Yield Bond ETF in the third quarter valued at approximately $311,000.

VanEck Emerging Markets High Yield Bond ETF Trading Up 0.1%

VanEck Emerging Markets High Yield Bond ETF stock opened at $20.26 on Monday. The company has a 50 day moving average of $20.09 and a 200-day moving average of $20.03. VanEck Emerging Markets High Yield Bond ETF has a twelve month low of $18.43 and a twelve month high of $20.34.

VanEck Emerging Markets High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1152 per share. This is a boost from VanEck Emerging Markets High Yield Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.