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

Conning Inc. lifted its stake in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 140.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,570 shares of the company’s stock after purchasing an additional 136,303 shares during the period. Conning Inc. owned 0.22% of VanEck Fallen Angel High Yield Bond ETF worth $6,708,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Southern Farm Bureau Life Insurance increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after buying an additional 1,356,065 shares during the period. Bank of America Corp DE lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the third quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock valued at $612,277,000 after acquiring an additional 1,193,879 shares during the period. Storen Legacy Partners LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $16,729,000. Janney Montgomery Scott LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the first quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock valued at $12,446,000 after acquiring an additional 408,373 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 91.3% in the third quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock valued at $21,957,000 after acquiring an additional 352,445 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2%

Shares of ANGL stock opened at $29.03 on Friday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. The stock has a 50-day moving average price of $29.09 and a 200 day moving average price of $29.23. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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.