Sykon Capital LLC Acquires Shares of 174,751 VanEck International High Yield Bond ETF (NYSEARCA:IHY)

Sykon Capital LLC acquired a new stake in VanEck International High Yield Bond ETF (NYSEARCA:IHY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 174,751 shares of the company’s stock, valued at approximately $3,652,000. VanEck International High Yield Bond ETF comprises about 1.5% of Sykon Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Sykon Capital LLC owned 6.72% of VanEck International High Yield Bond ETF as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. PAX Financial Group LLC purchased a new position in shares of VanEck International High Yield Bond ETF in the 3rd quarter valued at $627,000. NewSquare Capital LLC grew its position in shares of VanEck International High Yield Bond ETF by 6.2% in the 3rd quarter. NewSquare Capital LLC now owns 39,935 shares of the company’s stock valued at $782,000 after buying an additional 2,315 shares during the last quarter. Cambria Investment Management L.P. grew its position in shares of VanEck International High Yield Bond ETF by 2.8% in the 3rd quarter. Cambria Investment Management L.P. now owns 50,986 shares of the company’s stock valued at $993,000 after buying an additional 1,378 shares during the last quarter. Boyd Watterson Asset Management LLC OH purchased a new position in VanEck International High Yield Bond ETF during the 4th quarter worth $27,000. Finally, Advisors Asset Management Inc. grew its position in VanEck International High Yield Bond ETF by 5.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,382 shares of the company’s stock worth $458,000 after purchasing an additional 1,185 shares during the last quarter.

VanEck International High Yield Bond ETF Stock Performance

VanEck International High Yield Bond ETF stock traded up $0.07 during midday trading on Friday, hitting $20.48. 22,650 shares of the company’s stock were exchanged, compared to its average volume of 14,041. VanEck International High Yield Bond ETF has a 12-month low of $19.15 and a 12-month high of $20.95. The stock has a market cap of $30.72 million, a price-to-earnings ratio of 0.34 and a beta of 0.35. The firm’s 50 day simple moving average is $20.58 and its 200 day simple moving average is $20.40.

About VanEck International High Yield Bond ETF

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.