Conning Inc. Grows Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Conning Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 91.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,267 shares of the company’s stock after buying an additional 46,561 shares during the quarter. Conning Inc. owned about 0.10% of VanEck Fallen Angel High Yield Bond ETF worth $2,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Elevation Capital Advisory LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at approximately $9,452,000. Integrity Alliance LLC. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at approximately $8,553,000. ACT Advisors LLC. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at approximately $7,543,000. Scotia Capital Inc. grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 40.7% in the 1st quarter. Scotia Capital Inc. now owns 884,839 shares of the company’s stock valued at $25,536,000 after purchasing an additional 255,745 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at approximately $6,387,000.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.7%

Shares of ANGL stock opened at $29.23 on Friday. The business’s 50 day moving average is $29.42 and its two-hundred day moving average is $28.89. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.92 and a twelve month high of $29.75. The company has a market capitalization of $3.10 billion, a P/E ratio of 59.37 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 Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.1465 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Wednesday, October 1st.

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.