Symphony Financial Ltd. Co. Raises Holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Symphony Financial Ltd. Co. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,115 shares of the company’s stock after buying an additional 5,688 shares during the quarter. VanEck Fallen Angel High Yield Bond ETF makes up approximately 1.4% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 22nd biggest position. Symphony Financial Ltd. Co. owned 0.27% of VanEck Fallen Angel High Yield Bond ETF worth $8,476,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ANGL. Truist Financial Corp raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after acquiring an additional 347 shares in the last quarter. Delta Investment Management LLC lifted its position in VanEck Fallen Angel High Yield Bond ETF by 2.6% in the second quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after acquiring an additional 492 shares during the last quarter. Retirement Guys Formula LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock valued at $1,607,000 after acquiring an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the last quarter. Finally, BCS Wealth Management increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.3% during the third quarter. BCS Wealth Management now owns 29,534 shares of the company’s stock worth $869,000 after purchasing an additional 670 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1 %

NASDAQ:ANGL traded down $0.03 during mid-day trading on Tuesday, reaching $29.05. 929,042 shares of the stock were exchanged, compared to its average volume of 1,027,327. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.47. The company has a 50 day simple moving average of $29.17 and a 200-day simple moving average of $28.76. The stock has a market capitalization of $3.11 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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.