Synergy Asset Management LLC Makes New $3.84 Million Investment in VanEck Fallen Angel High Yield Bond ETF $ANGL

Synergy Asset Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) during the second quarter, Holdings Channel reports. The fund purchased 131,216 shares of the company’s stock, valued at approximately $3,842,000.

A number of other large investors also recently added to or reduced their stakes in ANGL. BNP Paribas Financial Markets lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 854 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2,786.1% in the first quarter. GAMMA Investing LLC now owns 3,117 shares of the company’s stock valued at $90,000 after acquiring an additional 3,009 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.3% in the first quarter. HBW Advisory Services LLC now owns 10,291 shares of the company’s stock valued at $297,000 after acquiring an additional 697 shares in the last quarter. Breakwater Capital Group raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 18.5% in the first quarter. Breakwater Capital Group now owns 45,483 shares of the company’s stock valued at $1,313,000 after acquiring an additional 7,088 shares in the last quarter. Finally, Melone Private Wealth LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.6% in the first quarter. Melone Private Wealth LLC now owns 206,442 shares of the company’s stock valued at $5,958,000 after acquiring an additional 1,323 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1%

Shares of NASDAQ ANGL opened at $29.65 on Friday. The stock has a market cap of $3.02 billion, a P/E 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 $29.75. The business’s fifty day simple moving average is $29.37 and its 200-day simple moving average is $28.87.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be paid a $0.1465 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is 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.