Sykon Capital LLC Makes New Investment in VanEck International High Yield Bond ETF (NYSEARCA:IHY)

Sykon Capital LLC bought a new stake in VanEck International High Yield Bond ETF (NYSEARCA:IHY) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 174,751 shares of the company’s stock, valued at approximately $3,652,000. VanEck International High Yield Bond ETF accounts for approximately 1.5% of Sykon Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Sykon Capital LLC owned about 0.07% of VanEck International High Yield Bond ETF as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of VanEck International High Yield Bond ETF in the fourth quarter valued at $27,000. Advisors Asset Management Inc. lifted its holdings in shares of VanEck International High Yield Bond ETF by 5.3% in the third quarter. Advisors Asset Management Inc. now owns 23,382 shares of the company’s stock valued at $458,000 after purchasing an additional 1,185 shares in the last quarter. PAX Financial Group LLC purchased a new stake in shares of VanEck International High Yield Bond ETF in the third quarter valued at $627,000. NewSquare Capital LLC lifted its holdings in shares of VanEck International High Yield Bond ETF by 6.2% in the third quarter. NewSquare Capital LLC now owns 39,935 shares of the company’s stock valued at $782,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Cambria Investment Management L.P. lifted its holdings in shares of VanEck International High Yield Bond ETF by 2.8% in the third quarter. Cambria Investment Management L.P. now owns 50,986 shares of the company’s stock valued at $993,000 after purchasing an additional 1,378 shares in the last quarter.

VanEck International High Yield Bond ETF Stock Up 0.3 %

Shares of IHY traded up $0.07 during mid-day trading on Friday, reaching $20.48. The company’s stock had a trading volume of 22,650 shares, compared to its average volume of 14,041. The business has a fifty day moving average of $20.58 and a 200 day moving average of $20.40. The company has a market cap of $30.72 million, a price-to-earnings ratio of 0.34 and a beta of 0.35. VanEck International High Yield Bond ETF has a 1 year low of $19.15 and a 1 year high of $20.95.

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.