Raymond James Financial Inc. Takes $2.67 Million Position in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)

Raymond James Financial Inc. purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 136,967 shares of the company’s stock, valued at approximately $2,667,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HYEM. Sound Income Strategies LLC increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 3.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,043,832 shares of the company’s stock valued at $39,793,000 after purchasing an additional 74,602 shares during the last quarter. Assetmark Inc. grew its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 1.1% during the fourth quarter. Assetmark Inc. now owns 737,007 shares of the company’s stock worth $14,350,000 after purchasing an additional 7,974 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in VanEck Emerging Markets High Yield Bond ETF by 32.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 254,914 shares of the company’s stock valued at $4,963,000 after purchasing an additional 63,161 shares in the last quarter. Financial Architects LLC boosted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 3.1% in the 4th quarter. Financial Architects LLC now owns 238,346 shares of the company’s stock valued at $4,641,000 after buying an additional 7,125 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of VanEck Emerging Markets High Yield Bond ETF by 239.1% during the third quarter. Orion Portfolio Solutions LLC now owns 216,116 shares of the company’s stock worth $4,299,000 after purchasing an additional 152,381 shares in the last quarter.

VanEck Emerging Markets High Yield Bond ETF Price Performance

HYEM stock opened at $19.66 on Friday. VanEck Emerging Markets High Yield Bond ETF has a twelve month low of $18.57 and a twelve month high of $19.92. The business has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $19.68.

About VanEck Emerging Markets High Yield Bond ETF

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.