Snider Financial Group Lowers Stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Snider Financial Group trimmed its holdings in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 27.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,658 shares of the company’s stock after selling 9,702 shares during the period. Snider Financial Group’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock valued at $41,000 after acquiring an additional 390 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 252.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock worth $72,000 after acquiring an additional 1,804 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 519.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,267 shares of the company’s stock worth $94,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $108,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.88 on Wednesday. The stock’s 50 day moving average price is $28.87 and its 200 day moving average price is $29.02. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.96. The company has a market cap of $2.99 billion, a PE ratio of 60.80 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.1361 dividend. The ex-dividend date is Monday, March 3rd.

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.