Synergy Asset Management LLC Purchases Shares of 3,665 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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,665 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after buying an additional 246,899 shares during the period. Capital Investment Advisors LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after purchasing an additional 116,162 shares during the period. Cerity Partners LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the third quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after buying an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after acquiring an additional 38,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock valued at $23,607,000 after acquiring an additional 282,668 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.2 %

ANGL opened at $29.08 on Friday. The company has a market capitalization of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. The firm has a 50-day simple moving average of $28.92 and a two-hundred day simple moving average of $28.98. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

About VanEck Fallen Angel High Yield Bond ETF

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.