Fortress Wealth Management Inc. Cuts Stock Holdings in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)

Fortress Wealth Management Inc. decreased its holdings in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) by 67.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 62,647 shares of the company’s stock after selling 132,249 shares during the quarter. Fortress Wealth Management Inc.’s holdings in VanEck Emerging Markets High Yield Bond ETF were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HYEM. Banque Cantonale Vaudoise raised its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 34.2% in the first quarter. Banque Cantonale Vaudoise now owns 3,020 shares of the company’s stock worth $58,000 after acquiring an additional 770 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of VanEck Emerging Markets High Yield Bond ETF by 22.0% in the first quarter. International Assets Investment Management LLC now owns 47,500 shares of the company’s stock worth $892,000 after acquiring an additional 8,580 shares in the last quarter. Etesian Wealth Advisors Inc. raised its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 1.0% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 159,303 shares of the company’s stock valued at $3,040,000 after acquiring an additional 1,532 shares during the period. Sound Income Strategies LLC boosted its position in VanEck Emerging Markets High Yield Bond ETF by 1.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,982,213 shares of the company’s stock worth $37,821,000 after purchasing an additional 31,762 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in VanEck Emerging Markets High Yield Bond ETF by 10.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 158,860 shares of the company’s stock valued at $3,031,000 after purchasing an additional 15,110 shares during the period.

VanEck Emerging Markets High Yield Bond ETF Trading Up 0.3 %

Shares of HYEM traded up $0.05 during mid-day trading on Friday, reaching $19.78. 42,164 shares of the stock traded hands, compared to its average volume of 117,908. The stock has a fifty day simple moving average of $19.64 and a 200 day simple moving average of $19.28. VanEck Emerging Markets High Yield Bond ETF has a 12-month low of $17.37 and a 12-month high of $19.92.

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.