Symphony Financial Ltd. Co. Raises Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Symphony Financial Ltd. Co. increased its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,115 shares of the company’s stock after acquiring an additional 5,688 shares during the period. VanEck Fallen Angel High Yield Bond ETF makes up about 1.4% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 22nd biggest position. Symphony Financial Ltd. Co.’s holdings in VanEck Fallen Angel High Yield Bond ETF were worth $8,476,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% in the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock valued at $99,783,000 after purchasing an additional 148,241 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% in the second quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock valued at $84,908,000 after acquiring an additional 113,818 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after acquiring an additional 10,666 shares during the last quarter. Bank of New York Mellon Corp increased its position in VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,188,234 shares of the company’s stock worth $33,627,000 after purchasing an additional 40,902 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock valued at $28,135,000 after purchasing an additional 16,388 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL traded down $0.03 on Tuesday, reaching $29.05. The stock had a trading volume of 929,042 shares, compared to its average volume of 1,027,327. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.47. The firm’s fifty day moving average is $29.17 and its two-hundred day moving average is $28.76.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1501 per share. The ex-dividend date was Tuesday, September 3rd.

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.