Synovus Financial Corp Makes New $323,000 Investment in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Synovus Financial Corp bought a new stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,980 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after purchasing an additional 38,164 shares during the period. Bank of Montreal Can increased its stake in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares in the last quarter. Heritage Oak Wealth Advisors LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $274,000. Peak Financial Advisors LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $5,888,000. Finally, Evergreen Capital Management LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock valued at $28,135,000 after buying an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Down 1.3 %

ANGL stock opened at $28.69 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The business’s 50-day moving average price is $29.05 and its two-hundred day moving average price is $28.91. The firm has a market cap of $3.02 billion, a PE ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1568 per share. The ex-dividend date was Friday, November 1st. This represents a $1.88 annualized dividend and a yield of 6.56%.

About VanEck Fallen Angel High Yield Bond ETF

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.