Bank of America Corp DE Purchases 2,774,036 Shares of VanEck Emerging Markets High Yield Bond ETF $HYEM

Bank of America Corp DE grew its position in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) by 167.4% during the 1st quarter, HoldingsChannel reports. The fund owned 4,431,238 shares of the company’s stock after purchasing an additional 2,774,036 shares during the period. Bank of America Corp DE owned about 0.18% of VanEck Emerging Markets High Yield Bond ETF worth $87,428,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of 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 valued at $14,390,000 after buying an additional 84,849 shares during the last quarter. LPL Financial LLC lifted its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 10.3% during the 4th quarter. LPL Financial LLC now owns 311,839 shares of the company’s stock worth $6,202,000 after acquiring an additional 29,080 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 4.5% during the 4th quarter. AE Wealth Management LLC now owns 191,537 shares of the company’s stock worth $3,810,000 after acquiring an additional 8,262 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in VanEck Emerging Markets High Yield Bond ETF by 10.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 187,315 shares of the company’s stock valued at $3,726,000 after acquiring an additional 17,343 shares during the period. Finally, Royal Bank of Canada boosted its holdings in VanEck Emerging Markets High Yield Bond ETF by 14.4% during the 1st quarter. Royal Bank of Canada now owns 175,757 shares of the company’s stock valued at $3,454,000 after acquiring an additional 22,168 shares during the period.

VanEck Emerging Markets High Yield Bond ETF Stock Up 0.1%

Shares of VanEck Emerging Markets High Yield Bond ETF stock opened at $20.02 on Friday. The stock’s fifty day moving average is $20.07 and its two-hundred day moving average is $20.04. VanEck Emerging Markets High Yield Bond ETF has a 52 week low of $19.45 and a 52 week 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.