Symphony Financial Ltd. Co. Sells 281,827 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Symphony Financial Ltd. Co. lowered its holdings in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 96.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,332 shares of the company’s stock after selling 281,827 shares during the period. Symphony Financial Ltd. Co.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% in the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 854 shares during the last quarter. Biltmore Family Office LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 593.3% in the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares during the last quarter. Van ECK Associates Corp grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the last quarter. Transce3nd LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $46,000. Finally, Howe & Rusling Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth $56,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.1%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.95 on Tuesday. The firm has a market cap of $2.87 billion, a PE ratio of 59.37 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.92 and a 12-month high of $29.47. The company’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $28.67.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.1546 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

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.