Bank of America Corp DE Sells 2,468 Shares of VanEck International High Yield Bond ETF (NYSEARCA:IHY)

Bank of America Corp DE lowered its stake in VanEck International High Yield Bond ETF (NYSEARCA:IHY) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,980 shares of the company’s stock after selling 2,468 shares during the period. Bank of America Corp DE owned 0.47% of VanEck International High Yield Bond ETF worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IHY. Jane Street Group LLC boosted its stake in VanEck International High Yield Bond ETF by 199.6% in the 4th quarter. Jane Street Group LLC now owns 143,405 shares of the company’s stock worth $2,937,000 after purchasing an additional 95,536 shares in the last quarter. NewSquare Capital LLC boosted its stake in VanEck International High Yield Bond ETF by 4.0% in the 4th quarter. NewSquare Capital LLC now owns 49,354 shares of the company’s stock worth $1,011,000 after purchasing an additional 1,886 shares in the last quarter. LPL Financial LLC boosted its stake in VanEck International High Yield Bond ETF by 5.7% in the 4th quarter. LPL Financial LLC now owns 14,833 shares of the company’s stock worth $304,000 after purchasing an additional 795 shares in the last quarter. Jones Financial Companies Lllp bought a new position in VanEck International High Yield Bond ETF during the 4th quarter valued at about $40,000. Finally, SBI Securities Co. Ltd. bought a new position in VanEck International High Yield Bond ETF during the 4th quarter valued at about $33,000.

VanEck International High Yield Bond ETF Stock Performance

IHY opened at $21.78 on Tuesday. The stock has a market capitalization of $39.20 million, a P/E ratio of 62.17 and a beta of 0.43. The company’s 50-day simple moving average is $21.34 and its two-hundred day simple moving average is $20.98. VanEck International High Yield Bond ETF has a 52-week low of $20.23 and a 52-week high of $21.88.

VanEck International High Yield Bond ETF Profile

The VanEck International High Yield Bond ETF (IHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of international corporate bonds rated below investment grade and denominated in developed-market currencies. IHY was launched on Apr 2, 2012 and is managed by VanEck.