Conning Inc. Has $6.71 Million Stake in VanEck Fallen Angel High Yield Bond ETF $ANGL

Conning Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 140.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,570 shares of the company’s stock after acquiring an additional 136,303 shares during the quarter. Conning Inc.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $6,708,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Paller Financial Services Inc bought a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth approximately $1,272,000. Emissary Wealth LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $6,795,000. Optivise Advisory Services LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 80.3% during the fourth quarter. Optivise Advisory Services LLC now owns 50,753 shares of the company’s stock worth $1,490,000 after buying an additional 22,610 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $1,347,000. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 10.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock worth $6,369,000 after buying an additional 19,734 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $29.03 on Friday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77. The firm’s 50-day simple moving average is $29.09 and its 200 day simple moving average is $29.23.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.171 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Wednesday, July 1st.

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.