Congress Wealth Management LLC DE Has $4.10 Million Stock Position in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL)

Congress Wealth Management LLC DE lowered its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,197 shares of the company’s stock after selling 7,402 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.13% of VanEck Fallen Angel High Yield Bond ETF worth $4,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANGL. RiverFront Investment Group LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 37.1% in the 4th quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock valued at $13,238,000 after purchasing an additional 124,546 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $6,174,000. Geneos Wealth Management Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after acquiring an additional 364 shares during the last quarter. Zimmermann Investment Management & Planning LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 13.6% during the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 129,816 shares of the company’s stock valued at $3,736,000 after purchasing an additional 15,556 shares in the last quarter. Finally, Aviance Capital Partners LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth $435,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded down $0.19 during trading on Monday, reaching $28.11. 2,025,164 shares of the company’s stock were exchanged, compared to its average volume of 1,190,903. The firm’s 50-day moving average price is $28.52 and its 200 day moving average price is $28.70. The company has a market cap of $2.90 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.1507 per share. The ex-dividend date is Monday, July 1st.

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.