RiverFront Investment Group LLC Purchases 59,762 Shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

RiverFront Investment Group LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 730,415 shares of the company’s stock after purchasing an additional 59,762 shares during the quarter. RiverFront Investment Group LLC owned about 0.71% of VanEck Fallen Angel High Yield Bond ETF worth $20,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after acquiring an additional 116,162 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,499,618 shares of the company’s stock valued at $42,994,000 after purchasing an additional 122,972 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock worth $34,372,000 after purchasing an additional 13,587 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% in the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after buying an additional 282,668 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at approximately $19,086,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.83 on Friday. The firm has a market cap of $2.99 billion, a PE ratio of 60.45 and a beta of 0.52. The stock’s fifty day moving average price is $28.95 and its two-hundred day moving average price is $28.99. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, March 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.