Napa Wealth Management Takes $835,000 Position in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)

Napa Wealth Management purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,978 shares of the company’s stock, valued at approximately $835,000. Napa Wealth Management owned approximately 0.22% of VanEck Emerging Markets High Yield Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HYEM. TrinityPoint Wealth LLC purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the third quarter worth about $200,000. Thrivent Financial for Lutherans boosted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 13.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,677 shares of the company’s stock valued at $272,000 after purchasing an additional 1,649 shares during the period. Trademark Financial Management LLC purchased a new position in VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth approximately $364,000. Able Wealth Management LLC increased its position in VanEck Emerging Markets High Yield Bond ETF by 19.9% during the third quarter. Able Wealth Management LLC now owns 18,286 shares of the company’s stock worth $364,000 after buying an additional 3,036 shares during the period. Finally, WCG Wealth Advisors LLC acquired a new position in VanEck Emerging Markets High Yield Bond ETF during the second quarter worth approximately $457,000.

VanEck Emerging Markets High Yield Bond ETF Price Performance

HYEM stock opened at $19.56 on Monday. The business has a 50 day simple moving average of $19.68 and a 200-day simple moving average of $19.40. VanEck Emerging Markets High Yield Bond ETF has a twelve month low of $17.74 and a twelve month high of $19.92.

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.