Synergy Asset Management LLC Invests $108,000 in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Synergy Asset Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,665 shares of the company’s stock, valued at approximately $108,000.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the period. Fortitude Family Office LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $45,000. Lowe Wealth Advisors LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 252.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,520 shares of the company’s stock valued at $72,000 after acquiring an additional 1,804 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.5% in the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock valued at $260,000 after acquiring an additional 540 shares during the period. Finally, HBW Advisory Services LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.3% in the fourth quarter. HBW Advisory Services LLC now owns 9,594 shares of the company’s stock valued at $275,000 after acquiring an additional 485 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

ANGL stock opened at $29.08 on Friday. The stock has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47. The company has a 50-day moving average price of $28.92 and a 200 day moving average price of $28.98.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were given a dividend of $0.1564 per share. The ex-dividend date was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF 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.